Short Interest in Global X Internet of Things Thematic ETF (NASDAQ:SNSR) Increases By 221.4%

Global X Internet of Things Thematic ETF (NASDAQ:SNSR) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 4,500 shares, a growth of 221.4% from the October 15th total of 1,400 shares. Based on an average daily volume of 19,900 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of 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 purchasing an additional 36,159 shares in the last quarter. Apollon Financial LLC bought a new position in shares of Global X Internet of Things Thematic ETF in the 3rd quarter valued at about $506,000. Raymond James & Associates lifted its stake in Global X Internet of Things Thematic ETF by 17.0% in the second 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 during the last quarter. Cetera Advisors LLC bought a new stake in Global X Internet of Things Thematic ETF in the first quarter worth about $204,000. Finally, Resurgent Financial Advisors LLC increased its position in shares of Global X Internet of Things Thematic ETF by 125.5% during the first quarter. Resurgent Financial Advisors LLC now owns 6,254 shares of the company’s stock worth $227,000 after acquiring an additional 3,481 shares during the period.

Global X Internet of Things Thematic ETF Stock Down 0.4 %

Shares of NASDAQ:SNSR traded down $0.13 during trading on Tuesday, reaching $35.70. 7,904 shares of the company traded hands, compared to its average volume of 24,233. Global X Internet of Things Thematic ETF has a 52 week low of $29.84 and a 52 week high of $38.54. The firm has a market capitalization of $242.05 million, a PE ratio of 25.59 and a beta of 1.24. The company’s 50 day moving average is $34.39 and its two-hundred day moving average is $35.20.

Global X Internet of Things Thematic 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.