Global X Social Media ETF (NASDAQ:SOCL) Sees Significant Growth in Short Interest

Global X Social Media ETF (NASDAQ:SOCL) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 18,899 shares, a growth of 191.5% from the March 31st total of 6,483 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 7,157 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Global X Social Media ETF by 161,517.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 265,053 shares of the company’s stock worth $14,634,000 after buying an additional 264,889 shares during the period. Great Diamond Partners LLC lifted its holdings in Global X Social Media ETF by 11.0% during the 4th quarter. Great Diamond Partners LLC now owns 46,397 shares of the company’s stock worth $2,562,000 after buying an additional 4,584 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Global X Social Media ETF during the 3rd quarter worth about $2,618,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Global X Social Media ETF during the 3rd quarter worth about $2,227,000. Finally, UBS Group AG lifted its holdings in Global X Social Media ETF by 3.0% during the 3rd quarter. UBS Group AG now owns 24,842 shares of the company’s stock worth $1,509,000 after buying an additional 734 shares during the period.

Global X Social Media ETF Stock Performance

Shares of SOCL opened at $46.50 on Monday. The company has a market capitalization of $93.47 million, a PE ratio of 21.77 and a beta of 1.04. Global X Social Media ETF has a 12 month low of $41.35 and a 12 month high of $63.93. The stock’s 50-day moving average price is $46.40 and its two-hundred day moving average price is $52.55.

Global X Social Media ETF Company Profile

The Global X Social Media ETF (SOCL) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified market-cap-weighted index of social media companies selected by a committee. SOCL was launched on Nov 14, 2011 and is managed by Global X.