Global X SuperDividend ETF (NYSEARCA:SDIV) Short Interest Down 24.8% in March

Global X SuperDividend ETF (NYSEARCA:SDIV) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,795,608 shares, a decline of 24.8% from the February 26th total of 2,388,780 shares. Based on an average daily volume of 990,843 shares, the days-to-cover ratio is presently 1.8 days. Approximately 3.9% of the company’s stock are sold short.

Global X SuperDividend ETF Stock Performance

NYSEARCA SDIV traded up $0.23 during trading hours on Monday, reaching $24.70. 314,667 shares of the company’s stock were exchanged, compared to its average volume of 767,938. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 8.00 and a beta of 0.85. The company’s 50-day moving average is $25.59 and its two-hundred day moving average is $24.57. Global X SuperDividend ETF has a one year low of $17.87 and a one year high of $26.44.

Global X SuperDividend ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, February 4th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a c) annualized dividend and a dividend yield of 9.2%.

Institutional Investors Weigh In On Global X SuperDividend ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Foguth Wealth Management LLC. acquired a new position in Global X SuperDividend ETF in the 4th quarter worth $9,581,000. AE Wealth Management LLC raised its stake in shares of Global X SuperDividend ETF by 517.2% in the 4th quarter. AE Wealth Management LLC now owns 124,899 shares of the exchange traded fund’s stock valued at $3,001,000 after purchasing an additional 104,663 shares during the period. LPL Financial LLC lifted its holdings in shares of Global X SuperDividend ETF by 10.1% in the fourth quarter. LPL Financial LLC now owns 1,019,626 shares of the exchange traded fund’s stock valued at $24,502,000 after purchasing an additional 93,821 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Global X SuperDividend ETF by 48.3% in the fourth quarter. Principal Securities Inc. now owns 275,101 shares of the exchange traded fund’s stock valued at $6,611,000 after purchasing an additional 89,635 shares in the last quarter. Finally, Synergy Asset Management LLC boosted its position in shares of Global X SuperDividend ETF by 100.0% during the third quarter. Synergy Asset Management LLC now owns 174,992 shares of the exchange traded fund’s stock worth $4,025,000 after buying an additional 87,496 shares during the period.

Global X SuperDividend ETF Company Profile

The Global X SuperDividend ETF (SDIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an equal-weighted index of 100 global securities with high yields. SDIV was launched on Jun 8, 2011 and is managed by Global X.