Global X Social Media Index ETF (NASDAQ:SOCL) Shares Cross Above 50-Day Moving Average – What’s Next?

Global X Social Media Index ETF (NASDAQ:SOCL) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $42.78 and traded as high as $46.20. Global X Social Media Index ETF shares last traded at $45.92, with a volume of 15,937 shares trading hands.

Global X Social Media Index ETF Stock Performance

The company has a market cap of $128.31 million, a P/E ratio of 29.02 and a beta of 0.94. The business has a fifty day simple moving average of $42.79 and a 200 day simple moving average of $41.61.

Institutional Trading of Global X Social Media Index ETF

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in shares of Global X Social Media Index ETF by 106.1% in the 3rd quarter. FMR LLC now owns 1,591 shares of the company’s stock valued at $69,000 after buying an additional 819 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Global X Social Media Index ETF by 98.9% in the second 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 during the last quarter. Finally, Virtu Financial LLC acquired a new position in Global X Social Media Index ETF in the third quarter valued at approximately $1,391,000.

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.