Short Interest in Global X Internet of Things ETF (NASDAQ:SNSR) Drops By 38.8%

Global X Internet of Things ETF (NASDAQ:SNSR) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 10,642 shares, a decrease of 38.8% from the May 31st total of 17,381 shares. Based on an average daily trading volume, of 30,610 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

Global X Internet of Things ETF Stock Down 0.4%

NASDAQ SNSR opened at $48.24 on Friday. Global X Internet of Things ETF has a twelve month low of $34.20 and a twelve month high of $53.80. The business has a 50-day moving average price of $48.74 and a 200-day moving average price of $42.19. The firm has a market cap of $233.96 million, a price-to-earnings ratio of 26.18 and a beta of 1.35.

Global X Internet of Things ETF Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 29th will be given a dividend of $0.0798 per share. The ex-dividend date is Monday, June 29th.

Institutional Trading of Global X Internet of Things ETF

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of Global X Internet of Things ETF by 8.8% in the 1st 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 during the last quarter. Modern Wealth Management LLC raised its holdings in shares of Global X Internet of Things ETF by 1.0% in the third quarter. Modern Wealth Management LLC now owns 692,320 shares of the company’s stock worth $27,007,000 after buying an additional 6,667 shares during the period. Jane Street Group LLC lifted its stake in shares of Global X Internet of Things ETF by 213.5% during the 1st quarter. Jane Street Group LLC now owns 80,000 shares of the company’s stock worth $2,635,000 after acquiring an additional 54,481 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Global X Internet of Things ETF by 61.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,000 shares of the company’s stock valued at $2,661,000 after acquiring an additional 27,500 shares during the period. Finally, Flow Traders U.S. LLC grew its position in Global X Internet of Things ETF by 34.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 63,213 shares of the company’s stock valued at $2,466,000 after acquiring an additional 16,159 shares during the last quarter.

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.