Global X SuperDividend REIT ETF (NASDAQ:SRET) Sees Significant Increase in Short Interest

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 55,004 shares, an increase of 79.6% from the April 30th total of 30,618 shares. Based on an average daily trading volume, of 42,512 shares, the short-interest ratio is currently 1.3 days. Approximately 0.5% of the shares of the company are sold short.

Global X SuperDividend REIT ETF Price Performance

SRET opened at $22.18 on Tuesday. Global X SuperDividend REIT ETF has a 1-year low of $20.49 and a 1-year high of $23.09. The company has a 50 day simple moving average of $22.13 and a two-hundred day simple moving average of $22.17. The firm has a market cap of $231.56 million, a P/E ratio of 16.47 and a beta of 0.85.

Global X SuperDividend REIT ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Tuesday, May 5th were issued a dividend of $0.153 per share. This is an increase from Global X SuperDividend REIT ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

Hedge Funds Weigh In On Global X SuperDividend REIT ETF

Several hedge funds have recently modified their holdings of the stock. D.A. Davidson & CO. bought a new position in shares of Global X SuperDividend REIT ETF during the fourth quarter valued at approximately $5,319,000. Bank of America Corp DE raised its holdings in shares of Global X SuperDividend REIT ETF by 107.4% in the 1st 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. LPL Financial LLC lifted its position in shares of Global X SuperDividend REIT ETF by 9.5% in the 4th quarter. LPL Financial LLC now owns 471,040 shares of the company’s stock worth $10,257,000 after purchasing an additional 40,743 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Global X SuperDividend REIT ETF by 12.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 366,561 shares of the company’s stock worth $7,932,000 after purchasing an additional 39,710 shares during the period. Finally, Susquehanna International Group LLP boosted its stake in shares of Global X SuperDividend REIT ETF by 234.8% during the third quarter. Susquehanna International Group LLP now owns 46,706 shares of the company’s stock valued at $1,011,000 after purchasing an additional 32,757 shares in the last quarter.

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.