Global X Social Media ETF (NASDAQ:SOCL) Shares Down 0.5% – Time to Sell?

by · The Cerbat Gem

Shares of Global X Social Media ETF (NASDAQ:SOCL – Get Free Report) were down 0.5% during trading on Monday . The stock traded as low as $55.77 and last traded at $55.95. Approximately 5,648 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 9,574 shares. The stock had previously closed at $56.23.

Global X Social Media ETF Price Performance

The stock has a market cap of $150.51 million, a P/E ratio of 21.77 and a beta of 0.94. The stock’s 50-day moving average is $57.10 and its two-hundred day moving average is $55.64.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Valeo Financial Advisors LLC purchased a new stake in shares of Global X Social Media ETF in the second quarter worth about $213,000. Ameriprise Financial Inc. bought a new stake in Global X Social Media ETF in the 2nd quarter worth approximately $243,000. Flow Traders U.S. LLC bought a new stake in Global X Social Media ETF in the 2nd quarter worth approximately $291,000. Sei Investments Co. purchased a new stake in shares of Global X Social Media ETF during the 2nd quarter worth approximately $299,000. Finally, Cetera Investment Advisers bought a new position in shares of Global X Social Media ETF during the 1st quarter valued at approximately $328,000.

Global X Social Media ETF Company Profile

(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.

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