Global X Internet of Things ETF (NASDAQ:SNSR) Short Interest Up 87.1% in April

Global X Internet of Things ETF (NASDAQ:SNSR – Get Rating) saw a significant increase in short interest in April. As of April 30th, there was short interest totalling 11,600 shares, an increase of 87.1% from the April 15th total of 6,200 shares. Based on an average daily volume of 72,400 shares, the days-to-cover ratio is currently 0.2 days.

Global X Internet of Things ETF stock opened at $28.24 on Friday. The firm’s fifty day moving average is $30.83 and its 200 day moving average is $34.76. Global X Internet of Things ETF has a 52-week low of $26.65 and a 52-week high of $40.46.

Institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG raised its stake in shares of Global X Internet of Things ETF by 1.9% in the third quarter. UBS Group AG now owns 246,272 shares of the company’s stock valued at $8,940,000 after acquiring an additional 4,633 shares during the period. Dynamic Advisor Solutions LLC raised its stake in shares of Global X Internet of Things ETF by 5.8% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 17,882 shares of the company’s stock valued at $700,000 after acquiring an additional 979 shares during the period. Bank of America Corp DE grew its holdings in shares of Global X Internet of Things ETF by 86.5% in the fourth quarter. Bank of America Corp DE now owns 807,131 shares of the company’s stock worth $31,591,000 after purchasing an additional 374,286 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Global X Internet of Things ETF by 1.3% in the third quarter. Royal Bank of Canada now owns 60,412 shares of the company’s stock worth $2,193,000 after purchasing an additional 768 shares during the last quarter. Finally, Quantitative Advantage LLC grew its holdings in shares of Global X Internet of Things ETF by 33.5% in the fourth quarter. Quantitative Advantage LLC now owns 8,486 shares of the company’s stock worth $332,000 after purchasing an additional 2,131 shares during the last quarter.

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