Short Interest in Global X SuperDividend U.S. ETF (NYSEARCA:DIV) Expands By 99.0%

Global X SuperDividend U.S. ETF (NYSEARCA:DIV) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 441,947 shares, an increase of 99.0% from the January 29th total of 222,104 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 299,297 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 299,297 shares, the short-interest ratio is presently 1.5 days. Currently, 1.2% of the company’s shares are short sold.

Global X SuperDividend U.S. ETF Price Performance

NYSEARCA DIV traded up $0.02 on Friday, reaching $19.62. The company had a trading volume of 185,406 shares, compared to its average volume of 332,151. The firm has a market cap of $735.16 million, a price-to-earnings ratio of 11.57 and a beta of 0.67. Global X SuperDividend U.S. ETF has a fifty-two week low of $16.19 and a fifty-two week high of $19.70. The business has a 50 day moving average of $18.38 and a two-hundred day moving average of $17.82.

Global X SuperDividend U.S. ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Investors of record on Wednesday, February 4th were paid a $0.102 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Wednesday, February 4th.

Institutional Trading of Global X SuperDividend U.S. ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LLC bought a new stake in shares of Global X SuperDividend U.S. ETF in the 4th quarter valued at $208,000. Prostatis Group LLC acquired a new position in Global X SuperDividend U.S. ETF in the fourth quarter valued at $175,000. IHT Wealth Management LLC bought a new stake in Global X SuperDividend U.S. ETF during the fourth quarter valued at $1,505,000. Cetera Investment Advisers grew its holdings in Global X SuperDividend U.S. ETF by 49.2% during the 4th quarter. Cetera Investment Advisers now owns 140,356 shares of the company’s stock worth $2,431,000 after acquiring an additional 46,293 shares during the period. Finally, Royal Bank of Canada grew its holdings in Global X SuperDividend U.S. ETF by 6.6% during the 4th quarter. Royal Bank of Canada now owns 217,936 shares of the company’s stock worth $3,775,000 after acquiring an additional 13,580 shares during the period.

Global X SuperDividend U.S. ETF Company Profile

The Global X SuperDividend U.S. ETF (DIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an equally weighted index of 50 high-dividend, low-volatility securities. DIV was launched on Mar 11, 2013 and is managed by Global X.