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 in April. As of April 15th, there was short interest totalling 46,000 shares, a growth of 2,200.0% from the March 31st total of 2,000 shares. Based on an average daily trading volume, of 23,300 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Operose Advisors LLC purchased a new stake in Global X Internet of Things Thematic ETF in the 3rd quarter valued at about $58,000. Voisard Asset Management Group Inc. bought a new stake in shares of Global X Internet of Things Thematic ETF during the 4th quarter worth about $71,000. Assetmark Inc. acquired a new position in shares of Global X Internet of Things Thematic ETF in the 3rd quarter worth approximately $174,000. Worth Asset Management LLC bought a new position in Global X Internet of Things Thematic ETF during the fourth quarter worth about $204,000. Finally, Fiduciary Alliance LLC bought a new stake in shares of Global X Internet of Things Thematic ETF during the first quarter worth approximately $223,000.

Global X Internet of Things Thematic ETF Stock Down 0.1 %

SNSR traded down $0.05 during trading hours on Friday, hitting $34.65. The stock had a trading volume of 83,071 shares, compared to its average volume of 27,926. Global X Internet of Things Thematic ETF has a 1 year low of $27.94 and a 1 year high of $36.98. The company’s fifty day simple moving average is $35.31 and its 200 day simple moving average is $33.55. The stock has a market cap of $272.70 million, a PE ratio of 24.13 and a beta of 1.24.

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.