Short Interest in Global X Internet of Things ETF (NASDAQ:SNSR) Drops By 37.6%

Global X Internet of Things ETF (NASDAQ:SNSR) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 6,645 shares, a drop of 37.6% from the June 15th total of 10,642 shares. Based on an average trading volume of 14,454 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.

Global X Internet of Things ETF Price Performance

SNSR opened at $45.95 on Friday. The company has a market capitalization of $219.64 million, a price-to-earnings ratio of 26.18 and a beta of 1.35. Global X Internet of Things ETF has a 1-year low of $34.20 and a 1-year high of $53.80. The business has a 50 day moving average price of $49.28 and a two-hundred day moving average price of $42.90.

Global X Internet of Things ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were given a dividend of $0.0798 per share. The ex-dividend date was Monday, June 29th.

Institutional Trading of Global X Internet of Things ETF

Institutional investors have recently modified their holdings of the company. Worth Asset Management LLC bought a new position in Global X Internet of Things ETF during the second quarter valued at about $289,000. Avior Wealth Management LLC bought a new stake in Global X Internet of Things ETF in the second quarter worth about $314,000. Bank of America Corp DE raised its position in Global X Internet of Things ETF by 8.8% in the first quarter. Bank of America Corp DE now owns 784,338 shares of the company’s stock worth $29,233,000 after acquiring an additional 63,447 shares in the last quarter. Royal Bank of Canada lifted its holdings in Global X Internet of Things ETF by 17.8% in the 1st quarter. Royal Bank of Canada now owns 16,378 shares of the company’s stock valued at $610,000 after acquiring an additional 2,472 shares during the last quarter. Finally, MWA Asset Management acquired a new stake in Global X Internet of Things ETF in the 1st quarter valued at about $45,000.

Global X Internet of Things ETF Company Profile

The Global X Internet of Things ETF (SNSR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index composed of developed market companies that facilitate the Internet of Things industry. SNSR was launched on Sep 12, 2016 and is managed by Global X.