Global X SuperDividend REIT ETF (NASDAQ:SRET) Stock Short Interest Jumps 323.0%

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the recipient of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 46,028 shares, a growth of 323.0% from the October 15th total of 10,882 shares. Based on an average daily trading volume, of 37,715 shares, the short-interest ratio is currently 1.2 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its stake in shares of Global X SuperDividend REIT ETF by 107.4% during the first quarter. Bank of America Corp DE now owns 382,617 shares of the company’s stock valued at $8,111,000 after purchasing an additional 198,163 shares in the last quarter. M Holdings Securities Inc. bought a new position in Global X SuperDividend REIT ETF in the 2nd quarter valued at about $782,000. Fifth Third Bancorp acquired a new position in Global X SuperDividend REIT ETF during the 3rd quarter valued at about $96,000. Farther Finance Advisors LLC increased its stake in Global X SuperDividend REIT ETF by 896.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,261 shares of the company’s stock valued at $45,000 after buying an additional 2,034 shares during the period. Finally, Latitude Advisors LLC acquired a new position in Global X SuperDividend REIT ETF during the 3rd quarter valued at about $28,000.

Global X SuperDividend REIT ETF Stock Performance

Shares of SRET opened at $20.00 on Thursday. The firm has a fifty day moving average of $20.27 and a 200-day moving average of $21.85. The company has a market cap of $199.40 million, a price-to-earnings ratio of 14.44 and a beta of 0.87. Global X SuperDividend REIT ETF has a 1 year low of $19.04 and a 1 year high of $23.48.

Global X SuperDividend REIT ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 12th. Investors of record on Wednesday, November 4th will be issued a $0.1850 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 11.1%. The ex-dividend date of this dividend is Wednesday, November 4th.

Global X SuperDividend REIT ETF Company Profile

The Global X SuperDividend REIT ETF (SRET) is an exchange-traded fund that is based on the Solactive Global Superdividend REIT index. The fund tracks an equal-weighted index of global REITs, choosing 30 high-yield, low-volatility companies. SRET was launched on Mar 17, 2015 and is managed by Global X.