Dimensional Global Credit ETF (NASDAQ:DGCB) Sees Large Increase in Short Interest

Dimensional Global Credit ETF (NASDAQ:DGCB) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 139,919 shares, an increase of 269.7% from the June 15th total of 37,848 shares. Based on an average daily volume of 213,860 shares, the short-interest ratio is presently 0.7 days. Currently, 0.7% of the company’s shares are short sold.

Dimensional Global Credit ETF Stock Performance

Dimensional Global Credit ETF stock traded down $0.21 during midday trading on Monday, reaching $54.10. The stock had a trading volume of 102,982 shares, compared to its average volume of 95,872. Dimensional Global Credit ETF has a 52-week low of $53.44 and a 52-week high of $56.03. The company has a fifty day moving average of $54.60 and a 200 day moving average of $54.56.

Dimensional Global Credit ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 25th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.4092 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%.

Institutional Investors Weigh In On Dimensional Global Credit ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Clarity Capital Advisors LLC increased its stake in shares of Dimensional Global Credit ETF by 2.8% during the fourth quarter. Clarity Capital Advisors LLC now owns 6,616 shares of the company’s stock valued at $359,000 after buying an additional 183 shares during the period. CWM LLC lifted its stake in Dimensional Global Credit ETF by 27.5% in the fourth quarter. CWM LLC now owns 988 shares of the company’s stock worth $54,000 after acquiring an additional 213 shares during the period. Williams & Novak LLC grew its holdings in Dimensional Global Credit ETF by 4.3% during the 2nd quarter. Williams & Novak LLC now owns 6,114 shares of the company’s stock worth $334,000 after acquiring an additional 250 shares in the last quarter. Silver Oak Securities Incorporated grew its holdings in Dimensional Global Credit ETF by 3.2% during the 1st quarter. Silver Oak Securities Incorporated now owns 8,507 shares of the company’s stock worth $461,000 after acquiring an additional 261 shares in the last quarter. Finally, USAdvisors Wealth Management LLC grew its holdings in Dimensional Global Credit ETF by 4.1% during the 4th quarter. USAdvisors Wealth Management LLC now owns 6,857 shares of the company’s stock worth $371,000 after acquiring an additional 267 shares in the last quarter.

Dimensional Global Credit ETF Company Profile

The Dimensional Global Credit ETF (DGCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of debt securities of any credit quality that are maturing within 20 years. The fund aims to maximize total returns, while optimizing overall gains DGCB was launched on Nov 7, 2023 and is issued by Dimensional.