Short Interest in Global X Internet of Things Thematic ETF (NASDAQ:SNSR) Drops By 87.7%

Global X Internet of Things Thematic ETF (NASDAQ:SNSR) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 700 shares, a decline of 87.7% from the August 31st total of 5,700 shares. Based on an average trading volume of 22,000 shares, the short-interest ratio is currently 0.0 days.

Global X Internet of Things Thematic ETF Trading Down 0.4 %

SNSR traded down $0.15 during trading hours on Wednesday, hitting $34.40. 4,765 shares of the company’s stock were exchanged, compared to its average volume of 24,498. Global X Internet of Things Thematic ETF has a 12-month low of $27.94 and a 12-month high of $38.54. The firm has a 50 day moving average of $34.24 and a 200 day moving average of $35.33. The firm has a market cap of $253.87 million, a P/E ratio of 25.59 and a beta of 1.24.

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

Large investors have recently added to or reduced their stakes in the business. Global Assets Advisory LLC purchased a new stake in shares of Global X Internet of Things Thematic ETF in the 1st quarter valued at approximately $912,000. Fiduciary Alliance LLC purchased a new stake in shares of Global X Internet of Things Thematic ETF in the 1st quarter valued at approximately $223,000. Raymond James & Associates increased its position in shares of Global X Internet of Things Thematic ETF by 17.0% in the 2nd quarter. Raymond James & Associates now owns 42,157 shares of the company’s stock valued at $1,513,000 after purchasing an additional 6,112 shares during the last quarter. Cetera Advisors LLC purchased a new stake in shares of Global X Internet of Things Thematic ETF in the 1st quarter valued at approximately $204,000. Finally, Assetmark Inc. increased its position in shares of Global X Internet of Things Thematic ETF by 98.3% in the 4th quarter. Assetmark Inc. now owns 11,240 shares of the company’s stock valued at $397,000 after purchasing an additional 5,571 shares during the last quarter.

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.