Global X Social Media Index ETF (NASDAQ:SOCL – Get Free Report)’s share price dropped 0% during mid-day trading on Wednesday . The stock traded as low as $44.52 and last traded at $44.57. Approximately 6,064 shares traded hands during trading, a decline of 45% from the average daily volume of 11,099 shares. The stock had previously closed at $44.58.
Global X Social Media Index ETF Price Performance
The stock has a market cap of $117.22 million, a price-to-earnings ratio of 18.51 and a beta of 0.94. The business’s 50 day moving average is $46.73 and its 200 day moving average is $44.14.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC boosted its holdings in Global X Social Media Index ETF by 106.1% in the third quarter. FMR LLC now owns 1,591 shares of the company’s stock valued at $69,000 after purchasing an additional 819 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Global X Social Media Index ETF by 1,758.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,769 shares of the company’s stock valued at $120,000 after buying an additional 2,620 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Global X Social Media Index ETF in the 3rd quarter valued at $1,391,000. Jane Street Group LLC raised its stake in Global X Social Media Index ETF by 174.4% during the 4th quarter. Jane Street Group LLC now owns 28,231 shares of the company’s stock worth $1,195,000 after acquiring an additional 17,944 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Global X Social Media Index ETF during the 4th quarter worth $428,000.
About Global X Social Media Index ETF
The Global X Social Media ETF (SOCL) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified market-cap-weighted index of social media companies selected by a committee. SOCL was launched on Nov 14, 2011 and is managed by Global X.
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