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

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

Global X Internet of Things Thematic ETF Stock Performance

Shares of NASDAQ SNSR traded down $0.19 during mid-day trading on Friday, hitting $35.54. 18,856 shares of the stock traded hands, compared to its average volume of 24,074. The stock has a fifty day moving average price of $35.52 and a 200-day moving average price of $35.16. The company has a market cap of $240.96 million, a price-to-earnings ratio of 25.59 and a beta of 1.24. Global X Internet of Things Thematic ETF has a 52 week low of $30.98 and a 52 week high of $38.54.

Institutional Investors Weigh In On Global X Internet of Things Thematic ETF

Several hedge funds have recently bought and sold shares of SNSR. Values First Advisors Inc. purchased a new stake in shares of Global X Internet of Things Thematic ETF in the third quarter worth $45,000. International Assets Investment Management LLC bought a new stake in shares of Global X Internet of Things Thematic ETF during the 2nd quarter valued at $50,000. Highline Wealth Partners LLC purchased a new position in Global X Internet of Things Thematic ETF during the third quarter valued at $73,000. Apollon Financial LLC bought a new stake in Global X Internet of Things Thematic ETF during the third quarter valued at about $506,000. Finally, Commonwealth Equity Services LLC increased its position in Global X Internet of Things Thematic ETF by 5.7% in the second 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.

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.