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

Global X Internet of Things ETF (NASDAQ:SNSR) was the recipient of a significant increase in short interest during the month of May. As of May 28th, there was short interest totalling 44,200 shares, an increase of 4,811.1% from the May 13th total of 900 shares. Based on an average daily volume of 68,100 shares, the days-to-cover ratio is presently 0.6 days.

Several large investors have recently modified their holdings of the company. The PNC Financial Services Group Inc. grew its position in shares of Global X Internet of Things ETF by 11.1% in the 1st quarter. The PNC Financial Services Group Inc. now owns 1,955,993 shares of the company’s stock valued at $65,193,000 after buying an additional 195,471 shares during the last quarter. Morgan Stanley boosted its stake in Global X Internet of Things ETF by 17.2% in the fourth quarter. Morgan Stanley now owns 243,266 shares of the company’s stock valued at $7,733,000 after acquiring an additional 35,672 shares in the last quarter. UBS Group AG grew its holdings in shares of Global X Internet of Things ETF by 15.0% during the first quarter. UBS Group AG now owns 225,266 shares of the company’s stock worth $7,508,000 after purchasing an additional 29,342 shares during the last quarter. Lido Advisors LLC acquired a new stake in shares of Global X Internet of Things ETF during the first quarter worth about $4,836,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Global X Internet of Things ETF by 28.6% in the 4th quarter. Wells Fargo & Company MN now owns 122,536 shares of the company’s stock valued at $3,896,000 after purchasing an additional 27,232 shares during the last quarter.

SNSR traded up $0.01 on Friday, reaching $35.46. The company’s stock had a trading volume of 91 shares, compared to its average volume of 92,351. Global X Internet of Things ETF has a fifty-two week low of $22.88 and a fifty-two week high of $35.64. The business has a 50 day simple moving average of $34.21.

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