Short Interest in Global X Internet of Things Thematic ETF (NASDAQ:SNSR) Declines By 98.1%

Global X Internet of Things Thematic ETF (NASDAQ:SNSR) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 200 shares, a drop of 98.1% from the November 30th total of 10,600 shares. Based on an average trading volume of 22,800 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Values First Advisors Inc. acquired a new stake in Global X Internet of Things Thematic ETF during the third quarter worth $45,000. International Assets Investment Management LLC purchased a new stake in shares of Global X Internet of Things Thematic ETF in the 2nd quarter valued at approximately $50,000. Highline Wealth Partners LLC purchased a new position in shares of Global X Internet of Things Thematic ETF during the 3rd quarter worth approximately $73,000. Apollon Financial LLC acquired a new position in Global X Internet of Things Thematic ETF during the third quarter worth $506,000. Finally, Commonwealth Equity Services LLC raised 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 valued at $753,000 after buying an additional 1,130 shares during the period.

Global X Internet of Things Thematic ETF Trading Up 0.5 %

SNSR stock traded up $0.18 during trading on Thursday, reaching $35.81. 3,481 shares of the stock were exchanged, compared to its average volume of 24,052. The business has a 50 day moving average price of $35.50 and a 200-day moving average price of $35.15. Global X Internet of Things Thematic ETF has a 1 year low of $30.98 and a 1 year high of $38.54. The firm has a market capitalization of $242.79 million, a price-to-earnings ratio of 25.59 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.