Global X Social Media Index ETF (NASDAQ:SOCL) Stock Price Down 1.2% – Here’s What Happened

Global X Social Media Index ETF (NASDAQ:SOCL) was down 1.2% during trading on Monday . The stock traded as low as $42.84 and last traded at $43.12. Approximately 5,228 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 13,697 shares. The stock had previously closed at $43.64.

Global X Social Media Index ETF Stock Down 0.3 %

The stock has a fifty day moving average price of $40.30 and a two-hundred day moving average price of $41.32. The company has a market capitalization of $123.89 million, a price-to-earnings ratio of 29.02 and a beta of 0.94.

Institutional Investors Weigh In On Global X Social Media Index ETF

Institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its stake in shares of Global X Social Media Index ETF by 98.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 13,884 shares of the company’s stock worth $586,000 after acquiring an additional 6,905 shares in the last quarter. Manchester Capital Management LLC increased its stake in shares of Global X Social Media Index ETF by 35.0% in the first quarter. Manchester Capital Management LLC now owns 2,700 shares of the company’s stock worth $109,000 after purchasing an additional 700 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Global X Social Media Index ETF in the 1st quarter worth $5,465,000.

About Global X Social Media Index ETF

The Global X Social Media ETF (SOCL) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified market-cap-weighted index of social media companies selected by a committee. SOCL was launched on Nov 14, 2011 and is managed by Global X.