Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) Sees Significant Drop in Short Interest

Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 204 shares, a decline of 88.6% from the September 15th total of 1,785 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,373 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Global X S&P 500 Quality Dividend ETF stock. Compound Planning Inc. lifted its holdings in Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,586 shares of the company’s stock after purchasing an additional 403 shares during the period. Compound Planning Inc. owned 1.66% of Global X S&P 500 Quality Dividend ETF worth $536,000 at the end of the most recent reporting period.

Global X S&P 500 Quality Dividend ETF Price Performance

NYSEARCA:QDIV traded down $0.04 during mid-day trading on Friday, reaching $38.90. The stock had a trading volume of 460 shares, compared to its average volume of 2,519. The stock has a market cap of $28.79 million, a P/E ratio of 15.17 and a beta of 0.68. The business’s 50 day moving average is $39.85 and its 200 day moving average is $38.18. Global X S&P 500 Quality Dividend ETF has a fifty-two week low of $33.56 and a fifty-two week high of $41.30.

About Global X S&P 500 Quality Dividend ETF

The Global X S&P 500 Quality Dividend ETF (QDIV) is an exchange-traded fund that is based on the S&P 500 Quality High Dividend index. The fund tracks an index of equal-weighted US large-cap stocks selected from the S&P 500 Index based on quality and dividend metrics. QDIV was launched on Jul 13, 2018 and is managed by Global X.