Global X SuperDividend ETF (NYSEARCA:SDIV) Short Interest Update

Global X SuperDividend ETF (NYSEARCA:SDIV) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 1,693,891 shares, a growth of 39.5% from the December 31st total of 1,214,009 shares. Approximately 3.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 696,269 shares, the days-to-cover ratio is presently 2.4 days. Based on an average daily trading volume, of 696,269 shares, the days-to-cover ratio is presently 2.4 days. Approximately 3.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On Global X SuperDividend ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SDIV. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Global X SuperDividend ETF during the second quarter valued at $86,000. Fiduciary Alliance LLC bought a new stake in Global X SuperDividend ETF during the third quarter valued at $602,000. Cetera Investment Advisers raised its position in shares of Global X SuperDividend ETF by 18.9% in the 2nd quarter. Cetera Investment Advisers now owns 103,842 shares of the exchange traded fund’s stock worth $2,342,000 after acquiring an additional 16,496 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Global X SuperDividend ETF by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 64,381 shares of the exchange traded fund’s stock valued at $1,452,000 after purchasing an additional 2,312 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in Global X SuperDividend ETF during the second quarter worth approximately $268,000.

Global X SuperDividend ETF Trading Down 2.0%

NYSEARCA SDIV traded down $0.52 during midday trading on Friday, hitting $25.71. The company had a trading volume of 671,137 shares, compared to its average volume of 689,466. Global X SuperDividend ETF has a twelve month low of $17.87 and a twelve month high of $26.44. The company has a market capitalization of $1.18 billion, a PE ratio of 8.00 and a beta of 0.85. The firm has a 50-day moving average price of $24.56 and a 200-day moving average price of $24.00.

About Global X SuperDividend ETF

The Global X SuperDividend ETF (SDIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an equal-weighted index of 100 global securities with high yields. SDIV was launched on Jun 8, 2011 and is managed by Global X.