Global X Social Media Index ETF (NASDAQ:SOCL) Stock Price Down 3.1% – Here’s What Happened

Posted by Donna Armstrong on Feb 25th, 2025

Global X Social Media Index ETF (NASDAQ:SOCL – Get Free Report)’s share price traded down 3.1% during trading on Monday . The company traded as low as $47.23 and last traded at $47.50. 15,791 shares changed hands during mid-day trading, an increase of 142% from the average session volume of 6,537 shares. The stock had previously closed at $49.04.

Global X Social Media Index ETF Price Performance

The company has a fifty day moving average of $45.10 and a 200 day moving average of $42.73. The firm has a market capitalization of $124.93 million, a P/E ratio of 25.13 and a beta of 0.94.

Institutional Trading of Global X Social Media Index ETF

A number of institutional investors have recently bought and sold shares of SOCL. FMR LLC lifted its stake 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 purchasing an additional 819 shares during the period. JPMorgan Chase & Co. increased its holdings in Global X Social Media Index ETF by 1,758.4% in the third quarter. JPMorgan Chase & Co. now owns 2,769 shares of the company’s stock worth $120,000 after purchasing an additional 2,620 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Global X Social Media Index ETF by 24.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,849 shares of the company’s stock valued at $332,000 after buying an additional 1,566 shares during the period. Raymond James Financial Inc. bought a new position in shares of Global X Social Media Index ETF during the 4th quarter worth approximately $428,000. Finally, LPL Financial LLC grew its position in shares of Global X Social Media Index ETF by 2.2% during the 4th quarter. LPL Financial LLC now owns 25,145 shares of the company’s stock worth $1,064,000 after buying an additional 543 shares during the period.

About Global X Social Media Index ETF

(Get Free Report)

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.