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

Global X Internet of Things Thematic ETF (NASDAQ:SNSR) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 1,400 shares, a decline of 80.8% from the September 30th total of 7,300 shares. Based on an average trading volume of 23,300 shares, the days-to-cover ratio is currently 0.1 days.

Global X Internet of Things Thematic ETF Price Performance

Global X Internet of Things Thematic ETF stock traded up $0.08 during midday trading on Friday, reaching $34.46. 9,344 shares of the company traded hands, compared to its average volume of 24,645. Global X Internet of Things Thematic ETF has a 12 month low of $27.94 and a 12 month high of $38.54. The business has a 50 day moving average of $34.32 and a two-hundred day moving average of $35.13. The firm has a market capitalization of $239.15 million, a price-to-earnings ratio of 25.59 and a beta of 1.24.

Hedge Funds Weigh In On Global X Internet of Things Thematic ETF

Several hedge funds and other institutional investors have recently modified their holdings of SNSR. CWM LLC grew its holdings in shares of Global X Internet of Things Thematic ETF by 133.6% in the second quarter. CWM LLC now owns 1,070 shares of the company’s stock worth $38,000 after acquiring an additional 612 shares during the period. Truist Financial Corp grew its stake in shares of Global X Internet of Things Thematic ETF by 3.0% during the 2nd quarter. Truist Financial Corp now owns 27,204 shares of the company’s stock valued at $977,000 after purchasing an additional 789 shares during the period. Great Diamond Partners LLC increased its position in shares of Global X Internet of Things Thematic ETF by 1.7% during the 1st quarter. Great Diamond Partners LLC now owns 47,716 shares of the company’s stock valued at $1,729,000 after purchasing an additional 819 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Global X Internet of Things Thematic ETF by 5.7% during the second 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 last quarter. Finally, Values First Advisors Inc. bought a new position in Global X Internet of Things Thematic ETF in the 3rd quarter worth $45,000.

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.