Short Interest in Global X Internet of Things ETF (NASDAQ:SNSR) Expands By 93.0%

Global X Internet of Things ETF (NASDAQ:SNSR) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 12,378 shares, a growth of 93.0% from the April 30th total of 6,413 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 30,604 shares, the short-interest ratio is currently 0.4 days.

Global X Internet of Things ETF Trading Up 0.5%

NASDAQ:SNSR opened at $51.52 on Tuesday. The company has a market capitalization of $252.96 million, a P/E ratio of 26.18 and a beta of 1.32. Global X Internet of Things ETF has a 12 month low of $34.20 and a 12 month high of $52.54. The business’s 50-day moving average is $43.57 and its 200 day moving average is $39.97.

Institutional Investors Weigh In On Global X Internet of Things ETF

A number of hedge funds have recently made changes to their positions in SNSR. Bank of America Corp DE lifted its position in shares of 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 buying an additional 63,447 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Global X Internet of Things ETF by 213.5% in the first quarter. Jane Street Group LLC now owns 80,000 shares of the company’s stock worth $2,635,000 after buying an additional 54,481 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Global X Internet of Things ETF by 61.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,000 shares of the company’s stock worth $2,661,000 after buying an additional 27,500 shares in the last quarter. Moran Wealth Management LLC lifted its position in shares of Global X Internet of Things ETF by 57.8% in the fourth quarter. Moran Wealth Management LLC now owns 46,000 shares of the company’s stock worth $1,700,000 after buying an additional 16,850 shares in the last quarter. Finally, Flow Traders U.S. LLC lifted its position in shares of Global X Internet of Things ETF by 34.3% in the third quarter. Flow Traders U.S. LLC now owns 63,213 shares of the company’s stock worth $2,466,000 after buying an additional 16,159 shares in the last quarter.

About Global X Internet of Things ETF

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.