Global X SuperDividend U.S. ETF (NYSEARCA:DIV) Sees Significant Decrease in Short Interest

Global X SuperDividend U.S. ETF (NYSEARCA:DIVGet Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 238,196 shares, a decline of 57.9% from the February 26th total of 565,727 shares. Based on an average trading volume of 411,852 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.6% of the shares of the company are short sold.

Global X SuperDividend U.S. ETF Price Performance

Global X SuperDividend U.S. ETF stock traded down $0.13 during midday trading on Friday, reaching $18.84. 268,123 shares of the company traded hands, compared to its average volume of 344,728. Global X SuperDividend U.S. ETF has a 12 month low of $16.19 and a 12 month high of $19.76. The business has a 50 day moving average of $19.03 and a two-hundred day moving average of $18.02. The firm has a market capitalization of $705.93 million, a price-to-earnings ratio of 11.57 and a beta of 0.67.

Global X SuperDividend U.S. ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 9th. Stockholders of record on Wednesday, February 4th were issued a dividend of $0.102 per share. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Wednesday, February 4th.

Institutional Trading of Global X SuperDividend U.S. ETF

Hedge funds have recently bought and sold shares of the company. Trust Co. of Vermont purchased a new position in Global X SuperDividend U.S. ETF in the third quarter worth about $27,000. Raleigh Capital Management Inc. bought a new position in shares of Global X SuperDividend U.S. ETF in the 4th quarter worth approximately $62,000. SBI Securities Co. Ltd. lifted its stake in shares of Global X SuperDividend U.S. ETF by 8.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 7,047 shares of the company’s stock worth $122,000 after purchasing an additional 546 shares during the period. Prostatis Group LLC purchased a new position in shares of Global X SuperDividend U.S. ETF in the fourth quarter worth approximately $175,000. Finally, Focus Financial Network Inc. bought a new stake in Global X SuperDividend U.S. ETF during the fourth quarter valued at approximately $178,000.

About Global X SuperDividend U.S. ETF

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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.

Further Reading

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