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

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

Global X Internet of Things Thematic ETF Stock Down 0.2 %

SNSR stock traded down $0.08 during trading hours on Friday, hitting $35.00. The company’s stock had a trading volume of 90,108 shares, compared to its average volume of 24,926. The company has a market capitalization of $258.30 million, a PE ratio of 25.59 and a beta of 1.24. Global X Internet of Things Thematic ETF has a 12 month low of $27.94 and a 12 month high of $38.54. The stock has a 50 day moving average price of $34.13 and a two-hundred day moving average price of $35.32.

Institutional Trading of Global X Internet of Things Thematic ETF

Several large investors have recently added to or reduced their stakes in SNSR. CWM LLC grew its position in 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 in the last quarter. International Assets Investment Management LLC bought a new stake in Global X Internet of Things Thematic ETF in the second quarter worth approximately $50,000. Voisard Asset Management Group Inc. bought a new stake in Global X Internet of Things Thematic ETF in the fourth quarter worth approximately $71,000. Cetera Advisors LLC bought a new stake in Global X Internet of Things Thematic ETF in the first quarter worth approximately $204,000. Finally, Fiduciary Alliance LLC bought a new stake in Global X Internet of Things Thematic ETF in the first quarter worth approximately $223,000.

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.