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

Dimensional Global Credit ETF (NASDAQ:DGCB) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 36,855 shares, a growth of 73.8% from the February 26th total of 21,205 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 74,556 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Dimensional Global Credit ETF

Large investors have recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of Dimensional Global Credit ETF by 27.5% during the fourth quarter. CWM LLC now owns 988 shares of the company’s stock valued at $54,000 after buying an additional 213 shares during the last quarter. City State Bank purchased a new position in shares of Dimensional Global Credit ETF in the 3rd quarter worth approximately $55,000. Washington Trust Advisors Inc. bought a new position in shares of Dimensional Global Credit ETF during the 3rd quarter worth approximately $74,000. Raymond James Financial Inc. bought a new position in shares of Dimensional Global Credit ETF during the 2nd quarter worth approximately $111,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Dimensional Global Credit ETF during the fourth quarter valued at approximately $132,000.

Dimensional Global Credit ETF Trading Down 0.2%

Shares of DGCB traded down $0.10 during trading hours on Friday, hitting $53.55. The company had a trading volume of 51,640 shares, compared to its average volume of 73,115. Dimensional Global Credit ETF has a one year low of $51.29 and a one year high of $56.03. The company’s fifty day moving average price is $54.63 and its two-hundred day moving average price is $54.90.

About Dimensional Global Credit ETF

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.