Global X Internet of Things Thematic ETF (NASDAQ:SNSR – Get Free Report) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 2,000 shares, a decline of 55.6% from the October 31st total of 4,500 shares. Based on an average trading volume of 21,300 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of Global X Internet of Things Thematic ETF
Hedge funds have recently made changes to their positions in the stock. Cetera Advisors LLC bought a new stake in shares of Global X Internet of Things Thematic ETF in the 1st quarter worth approximately $204,000. Commonwealth Equity Services LLC boosted its position in shares of Global X Internet of Things Thematic ETF by 5.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 20,970 shares of the company’s stock worth $753,000 after purchasing an additional 1,130 shares in the last quarter. Raymond James & Associates boosted its position in shares of Global X Internet of Things Thematic ETF by 17.0% in the 2nd quarter. Raymond James & Associates now owns 42,157 shares of the company’s stock worth $1,513,000 after purchasing an additional 6,112 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Global X Internet of Things Thematic ETF in the 2nd quarter worth approximately $50,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Global X Internet of Things Thematic ETF by 119.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,460 shares of the company’s stock worth $2,326,000 after acquiring an additional 36,159 shares during the last quarter.
Global X Internet of Things Thematic ETF Stock Performance
Shares of SNSR traded down $0.16 during mid-day trading on Thursday, reaching $36.07. The company had a trading volume of 17,325 shares, compared to its average volume of 24,101. The firm has a 50-day moving average price of $34.88 and a 200 day moving average price of $35.22. Global X Internet of Things Thematic ETF has a 52 week low of $30.98 and a 52 week high of $38.54. The company has a market capitalization of $244.55 million, a price-to-earnings ratio of 25.59 and a beta of 1.24.
About Global X Internet of Things Thematic 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.
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