Global X Internet of Things Thematic ETF (NASDAQ:SNSR) Short Interest Down 98.1% in December

Global X Internet of Things Thematic ETF (NASDAQ:SNSR) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 200 shares, a drop of 98.1% from the November 30th total of 10,600 shares. Based on an average trading volume of 22,800 shares, the days-to-cover ratio is presently 0.0 days.

Global X Internet of Things Thematic ETF Price Performance

Global X Internet of Things Thematic ETF stock traded down $0.19 during trading hours on Friday, reaching $35.54. The company had a trading volume of 18,856 shares, compared to its average volume of 24,074. The firm has a market cap of $240.96 million, a price-to-earnings ratio of 25.59 and a beta of 1.24. Global X Internet of Things Thematic ETF has a 12-month low of $30.98 and a 12-month high of $38.54. The company has a 50-day moving average price of $35.52 and a 200 day moving average price of $35.16.

Hedge Funds Weigh In On Global X Internet of Things Thematic ETF

A number of hedge funds have recently modified their holdings of SNSR. Mirae Asset Global Investments Co. Ltd. increased its holdings in Global X Internet of Things Thematic ETF by 119.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,460 shares of the company’s stock valued at $2,326,000 after purchasing an additional 36,159 shares during the period. Raymond James & Associates raised its holdings in shares of Global X Internet of Things Thematic ETF by 17.0% during the second quarter. Raymond James & Associates now owns 42,157 shares of the company’s stock valued at $1,513,000 after acquiring an additional 6,112 shares in the last quarter. Truist Financial Corp lifted its stake in Global X Internet of Things Thematic ETF by 3.0% in the second quarter. Truist Financial Corp now owns 27,204 shares of the company’s stock worth $977,000 after acquiring an additional 789 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Global X Internet of Things Thematic ETF by 4.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,777 shares of the company’s stock valued at $907,000 after acquiring an additional 1,210 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in 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.

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.