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

Global X Internet of Things Thematic ETF (NASDAQ:SNSR) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 15,700 shares, an increase of 685.0% from the March 31st total of 2,000 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 25,400 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Global X Internet of Things Thematic ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNSR. Advisory Services Network LLC boosted its position in Global X Internet of Things Thematic ETF by 4.8% in the fourth quarter. Advisory Services Network LLC now owns 6,120 shares of the company’s stock valued at $214,000 after buying an additional 283 shares during the last quarter. Moran Wealth Management LLC purchased a new stake in shares of Global X Internet of Things Thematic ETF in the 1st quarter valued at $275,000. Summit Financial LLC acquired a new stake in shares of Global X Internet of Things Thematic ETF in the fourth quarter worth $322,000. Wedmont Private Capital purchased a new position in shares of Global X Internet of Things Thematic ETF during the first quarter worth $412,000. Finally, Atria Wealth Solutions Inc. lifted its position in Global X Internet of Things Thematic ETF by 96.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 11,864 shares of the company’s stock valued at $415,000 after purchasing an additional 5,818 shares during the period.

Global X Internet of Things Thematic ETF Stock Up 0.5 %

Shares of Global X Internet of Things Thematic ETF stock traded up $0.15 during midday trading on Monday, hitting $32.38. The company had a trading volume of 4,300 shares, compared to its average volume of 24,188. Global X Internet of Things Thematic ETF has a 12-month low of $26.78 and a 12-month high of $38.54. The company has a fifty day simple moving average of $33.05 and a 200 day simple moving average of $34.72. The stock has a market cap of $204.97 million, a price-to-earnings ratio of 23.09 and a beta of 1.24.

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.