Global X Internet of Things Thematic ETF (NASDAQ:SNSR) Sees Large Increase in Short Interest

Global X Internet of Things Thematic ETF (NASDAQ:SNSR) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 10,600 shares, a growth of 430.0% from the November 15th total of 2,000 shares. Based on an average daily volume of 20,500 shares, the short-interest ratio is presently 0.5 days.

Global X Internet of Things Thematic ETF Trading Up 1.1 %

Global X Internet of Things Thematic ETF stock traded up $0.40 during midday trading on Wednesday, hitting $36.62. The stock had a trading volume of 34,333 shares, compared to its average volume of 23,940. The business has a fifty day moving average price of $35.24 and a 200 day moving average price of $35.19. Global X Internet of Things Thematic ETF has a 12 month low of $30.98 and a 12 month high of $38.54. The stock has a market cap of $248.28 million, a P/E ratio of 25.59 and a beta of 1.24.

Institutional Investors Weigh In On Global X Internet of Things Thematic ETF

Several institutional investors and hedge funds have recently made changes to their positions in SNSR. Cetera Advisors LLC acquired a new stake in Global X Internet of Things Thematic ETF during the first quarter worth about $204,000. Commonwealth Equity Services LLC lifted its holdings 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 during the last quarter. Raymond James & Associates boosted its position in Global X Internet of Things Thematic ETF by 17.0% during the 2nd quarter. Raymond James & Associates now owns 42,157 shares of the company’s stock valued at $1,513,000 after purchasing an additional 6,112 shares during the period. International Assets Investment Management LLC bought a new position in Global X Internet of Things Thematic ETF during the 2nd quarter worth $50,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Global X Internet of Things Thematic ETF by 119.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,460 shares of the company’s stock worth $2,326,000 after buying an additional 36,159 shares during the period.

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.