Global X SuperDividend U.S. ETF (NYSEARCA:DIV) Sees Significant Decrease in Short Interest

Global X SuperDividend U.S. ETF (NYSEARCA:DIV) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 238,196 shares, a drop of 57.9% from the February 26th total of 565,727 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average trading volume of 411,852 shares, the days-to-cover ratio is currently 0.6 days.

Global X SuperDividend U.S. ETF Price Performance

Shares of DIV opened at $18.84 on Friday. The company’s fifty day moving average price is $19.03 and its 200-day moving average price is $18.02. Global X SuperDividend U.S. ETF has a 1-year low of $16.19 and a 1-year high of $19.76. The firm has a market capitalization of $705.93 million, a PE ratio of 11.57 and a beta of 0.67.

Global X SuperDividend U.S. ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 9th. Investors of record on Wednesday, February 4th were given a dividend of $0.102 per share. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date was Wednesday, February 4th.

Hedge Funds Weigh In On Global X SuperDividend U.S. ETF

Several large investors have recently made changes to their positions in DIV. Royal Bank of Canada raised its stake in shares of Global X SuperDividend U.S. ETF by 11.4% during the 1st quarter. Royal Bank of Canada now owns 118,261 shares of the company’s stock worth $2,228,000 after buying an additional 12,134 shares during the period. Jones Financial Companies Lllp increased its holdings in Global X SuperDividend U.S. ETF by 58.9% in the 1st quarter. Jones Financial Companies Lllp now owns 18,815 shares of the company’s stock worth $354,000 after acquiring an additional 6,974 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Global X SuperDividend U.S. ETF by 700.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 84,127 shares of the company’s stock worth $1,585,000 after acquiring an additional 73,617 shares in the last quarter. Cetera Investment Advisers raised its position in Global X SuperDividend U.S. ETF by 12.9% during the second quarter. Cetera Investment Advisers now owns 77,466 shares of the company’s stock worth $1,362,000 after acquiring an additional 8,863 shares during the period. Finally, Global Retirement Partners LLC purchased a new position in Global X SuperDividend U.S. ETF during the second quarter valued at $509,000.

About Global X SuperDividend U.S. ETF

The Global X SuperDividend U.S. ETF (DIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an equally weighted index of 50 high-dividend, low-volatility securities. DIV was launched on Mar 11, 2013 and is managed by Global X.