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

Global X Internet of Things Thematic ETF (NASDAQ:SNSR) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 46,000 shares, a growth of 2,200.0% from the March 31st total of 2,000 shares. Based on an average daily volume of 23,300 shares, the short-interest ratio is currently 2.0 days.

Global X Internet of Things Thematic ETF Stock Down 0.1 %

Shares of SNSR stock traded down $0.05 during trading hours on Friday, hitting $34.65. 83,072 shares of the company’s stock traded hands, compared to its average volume of 27,926. The stock’s fifty day simple moving average is $35.31 and its two-hundred day simple moving average is $33.55. Global X Internet of Things Thematic ETF has a 12-month low of $27.94 and a 12-month high of $36.98. The stock has a market cap of $272.70 million, a price-to-earnings ratio of 24.13 and a beta of 1.24.

Hedge Funds Weigh In On Global X Internet of Things Thematic ETF

Several large investors have recently made changes to their positions in SNSR. Fiduciary Alliance LLC bought a new stake in shares of Global X Internet of Things Thematic ETF during the first quarter valued at approximately $223,000. Global Assets Advisory LLC bought a new stake in Global X Internet of Things Thematic ETF in the 1st quarter worth approximately $912,000. Voisard Asset Management Group Inc. bought a new stake in Global X Internet of Things Thematic ETF in the 4th quarter worth approximately $71,000. Assetmark Inc. grew its position in 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 worth $397,000 after purchasing an additional 5,571 shares during the period. Finally, Great Diamond Partners LLC grew its position in Global X Internet of Things Thematic ETF by 22.1% in the 4th quarter. Great Diamond Partners LLC now owns 46,897 shares of the company’s stock worth $1,656,000 after purchasing an additional 8,479 shares during the period.

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.