Global X SuperDividend ETF (NYSEARCA:SDIV) Sees Large Increase in Short Interest

Global X SuperDividend ETF (NYSEARCA:SDIV) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 2,388,780 shares, a growth of 27.7% from the February 12th total of 1,871,052 shares. Approximately 5.1% of the company’s stock are short sold. Based on an average trading volume of 695,634 shares, the days-to-cover ratio is presently 3.4 days. Based on an average trading volume of 695,634 shares, the days-to-cover ratio is presently 3.4 days. Approximately 5.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Global X SuperDividend ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SHP Wealth Management acquired a new position in shares of Global X SuperDividend ETF during the 4th quarter worth approximately $40,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Global X SuperDividend ETF in the 4th quarter valued at approximately $417,000. CacheTech Inc. bought a new position in shares of Global X SuperDividend ETF in the fourth quarter valued at $1,152,000. NewEdge Advisors LLC grew its stake in shares of Global X SuperDividend ETF by 19.1% in the fourth quarter. NewEdge Advisors LLC now owns 91,478 shares of the exchange traded fund’s stock valued at $2,198,000 after buying an additional 14,653 shares in the last quarter. Finally, VestGen Advisors LLC increased its holdings in Global X SuperDividend ETF by 8.1% during the fourth quarter. VestGen Advisors LLC now owns 13,336 shares of the exchange traded fund’s stock worth $320,000 after buying an additional 1,000 shares during the last quarter.

Global X SuperDividend ETF Price Performance

Shares of SDIV traded up $0.23 during midday trading on Tuesday, hitting $25.14. The stock had a trading volume of 29,315 shares, compared to its average volume of 769,294. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 8.00 and a beta of 0.85. The company has a 50 day simple moving average of $25.62 and a two-hundred day simple moving average of $24.50. Global X SuperDividend ETF has a twelve month low of $17.87 and a twelve month high of $26.44.

Global X SuperDividend ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, February 11th. Shareholders of record on Wednesday, February 4th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a c) dividend on an annualized basis and a yield of 9.1%.

Global X SuperDividend ETF Company Profile

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.