Global X SuperDividend ETF (NYSEARCA:SDIV) Short Interest Down 24.8% in March

Global X SuperDividend ETF (NYSEARCA:SDIV) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,795,608 shares, a decrease of 24.8% from the February 26th total of 2,388,780 shares. Based on an average trading volume of 990,843 shares, the short-interest ratio is currently 1.8 days. Currently, 3.9% of the company’s stock are sold short.

Institutional Investors Weigh In On Global X SuperDividend ETF

A number of institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers raised its holdings in 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 during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Global X SuperDividend ETF by 10.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 86,471 shares of the exchange traded fund’s stock worth $1,950,000 after purchasing an additional 8,274 shares in the last quarter. MAI Capital Management raised its stake in shares of Global X SuperDividend ETF by 51,150.0% in the second quarter. MAI Capital Management now owns 2,050 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 2,046 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Global X SuperDividend ETF in the second quarter worth $268,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Global X SuperDividend ETF by 106.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,010 shares of the exchange traded fund’s stock valued at $519,000 after purchasing an additional 11,856 shares in the last quarter.

Global X SuperDividend ETF Stock Down 0.6%

SDIV opened at $24.47 on Friday. The stock has a market cap of $1.14 billion, a PE ratio of 8.00 and a beta of 0.85. The business has a 50 day moving average of $25.60 and a 200-day moving average of $24.56. Global X SuperDividend ETF has a 52 week low of $17.87 and a 52 week high of $26.44.

Global X SuperDividend ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 11th. Shareholders of record on Wednesday, February 4th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a c) annualized dividend and a yield of 9.3%.

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.