The number of short positions on the Global X Internet of Things Exchange Traded Fund (ETF) increased sharply in December (NASDAQ: SNSR). Since November 30, when there was a total short interest of 20,200 shares, there is a total short interest of 29,900 on December 15. This represents an increase of 48.0% over the total short-term interest rate that existed on November 15. Based on an average daily trading volume of 32,100 shares, the day-to-cover ratio currently stands at 0.9 days at the time of writing. This is the number that arrived.
The NASDAQ SNSR posted a gain of 0.66 percent, bringing its price per share to $29.11 during Thursday’s lunch session. An average of 51,718 shares were traded in each trade, but only 100 were traded for the shares. In the previous year, the price of the Global X Internet of Things ETF ranged from its annual low of $24.22 to its annual high of $39.67. The stock price has maintained a simple moving average of $29.17 for the past fifty days, while holding a price of $27.84 for the past two hundred days.
In recent times, several prominent investors have been involved in transactions involving the buying and selling of company shares. These transactions have taken place recently. Ellis Investment Partners LLC increased the share of the Global X Internet of Things ETF it holds in its portfolio by 1.1% in the third quarter. There are currently 35,356 shares of the company’s stock held by Ellis Investment Partners LLC. The current value of these shares is $879,000. This came about as a direct result of the company’s most recent quarterly purchase of an additional 380 shares. During the first three months of 2018, Cetera Advisor Networks LLC increased its position in the Global X Internet of Things ETF by purchasing an additional 3.7 percent of its shares. In the most recent fiscal quarter, Cetera Advisor Networks LLC acquired 447 additional shares, bringing the total number of shares in the company to 12,559, with those shares valued at $418,000 (as of last reporting). In the third quarter, CWM LLC increased its stake in the Global X Internet of Things ETF by one and a half quarters of shares. As a result of acquiring an additional 450 shares during the most recent quarter, CWM LLC now owns 2,204 shares of stock in the company. The current market price for these shares is $55,000.
Mayflower Financial Advisors LLC successfully added 5.7% more shares to its Global X Internet of Things ETF exposure portfolio during the third fiscal quarter. Mayflower Financial Advisors LLC now directly owns 15,791 shares of the company’s stock, valued at $393,000. This is the result of the company purchasing an additional 852 shares during the most recent fiscal quarter. MML Investors Services LLC’s stake in the Global X Internet of Things ETF rose 18.4% in the third quarter as a result of the company’s purchases. This brings us to the last and most important point of our discussion. MML Investors Services LLC currently owns 9,262 shares of stock with a combined market value of $230,000. This goal was achieved during the most recent fiscal quarter by purchasing an additional 1,442 shares of the company’s stock.