Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) Short Interest Update

Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 1,299 shares, a drop of 94.8% from the January 15th total of 24,797 shares. Based on an average daily volume of 1,958 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 1,958 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new position in shares of Global X S&P 500 Quality Dividend ETF during the second quarter valued at about $53,000. Newbridge Financial Services Group Inc. acquired a new position in Global X S&P 500 Quality Dividend ETF during the 2nd quarter valued at approximately $451,000. APS Management Group Inc. acquired a new position in Global X S&P 500 Quality Dividend ETF during the 3rd quarter valued at approximately $553,000. Susquehanna International Group LLP raised its holdings in shares of Global X S&P 500 Quality Dividend ETF by 102.3% in the third quarter. Susquehanna International Group LLP now owns 15,810 shares of the company’s stock worth $556,000 after buying an additional 7,994 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Global X S&P 500 Quality Dividend ETF by 22.0% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,605 shares of the company’s stock worth $1,206,000 after buying an additional 6,420 shares during the period.

Global X S&P 500 Quality Dividend ETF Price Performance

Shares of NYSEARCA:QDIV traded down $0.51 during trading on Thursday, reaching $38.45. 20,236 shares of the company were exchanged, compared to its average volume of 3,060. The business’s fifty day simple moving average is $36.00 and its 200-day simple moving average is $35.14. Global X S&P 500 Quality Dividend ETF has a 12-month low of $30.15 and a 12-month high of $39.09. The firm has a market capitalization of $32.68 million, a PE ratio of 15.17 and a beta of 0.80.

Global X S&P 500 Quality Dividend ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Investors of record on Wednesday, February 4th were issued a $0.092 dividend. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Wednesday, February 4th.

Global X S&P 500 Quality Dividend ETF Company Profile

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.