Global X Social Media ETF (NASDAQ:SOCL) Short Interest Up 205.6% in May

Global X Social Media ETF (NASDAQ:SOCL) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 27,345 shares, a growth of 205.6% from the May 14th total of 8,948 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 10,346 shares, the short-interest ratio is currently 2.6 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SOCL. Parallel Advisors LLC bought a new stake in Global X Social Media ETF in the fourth quarter valued at about $50,000. Kestra Advisory Services LLC bought a new stake in Global X Social Media ETF in the fourth quarter valued at about $126,000. Rockefeller Capital Management L.P. increased its stake in Global X Social Media ETF by 47.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,714 shares of the company’s stock valued at $150,000 after acquiring an additional 879 shares during the period. Ameriprise Financial Inc. bought a new stake in Global X Social Media ETF in the second quarter valued at about $243,000. Finally, Flow Traders U.S. LLC bought a new stake in Global X Social Media ETF in the second quarter valued at about $291,000.

Global X Social Media ETF Stock Performance

Shares of SOCL opened at $46.07 on Friday. The company has a 50-day simple moving average of $45.96 and a 200-day simple moving average of $50.15. The firm has a market capitalization of $92.60 million, a P/E ratio of 21.77 and a beta of 1.01. Global X Social Media ETF has a 52 week low of $41.35 and a 52 week high of $63.93.

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.