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

Global X Internet of Things Thematic ETF (NASDAQ:SNSR) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 2,000 shares, a decrease of 55.6% from the October 31st total of 4,500 shares. Based on an average trading volume of 21,300 shares, the days-to-cover ratio is currently 0.1 days.

Global X Internet of Things Thematic ETF Trading Down 0.4 %

Shares of SNSR traded down $0.16 during midday trading on Thursday, reaching $36.07. 17,325 shares of the stock were exchanged, compared to its average volume of 24,101. Global X Internet of Things Thematic ETF has a 52 week low of $30.98 and a 52 week high of $38.54. The company’s 50 day moving average is $34.88 and its two-hundred day moving average is $35.22. The company has a market capitalization of $244.55 million, a P/E ratio of 25.59 and a beta of 1.24.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Advisors LLC bought a new position in shares of Global X Internet of Things Thematic ETF during the 1st quarter worth $204,000. Commonwealth Equity Services LLC grew its position in shares of Global X Internet of Things Thematic ETF by 5.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 20,970 shares of the company’s stock worth $753,000 after buying an additional 1,130 shares in the last quarter. Raymond James & Associates grew its position in shares of Global X Internet of Things Thematic ETF by 17.0% during the 2nd quarter. Raymond James & Associates now owns 42,157 shares of the company’s stock worth $1,513,000 after buying an additional 6,112 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Global X Internet of Things Thematic ETF during the 2nd quarter worth $50,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Global X Internet of Things Thematic ETF by 119.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,460 shares of the company’s stock worth $2,326,000 after buying an additional 36,159 shares in the last quarter.

Global X Internet of Things Thematic ETF Company Profile

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.