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

Global X SuperDividend U.S. ETF (NYSEARCA:DIV) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 322,246 shares, a growth of 32.4% from the March 31st total of 243,426 shares. Based on an average daily volume of 310,286 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.8% of the company’s shares are short sold.

Global X SuperDividend U.S. ETF Trading Down 0.1%

DIV stock traded down $0.02 during midday trading on Friday, hitting $19.51. The company had a trading volume of 20,975 shares, compared to its average volume of 320,436. Global X SuperDividend U.S. ETF has a 52 week low of $16.84 and a 52 week high of $19.76. The stock’s 50 day moving average price is $19.19 and its 200 day moving average price is $18.28. The stock has a market cap of $749.57 million, a price-to-earnings ratio of 11.57 and a beta of 0.63.

Institutional Trading of Global X SuperDividend U.S. ETF

Several hedge funds and other institutional investors have recently bought and sold shares of DIV. Royal Bank of Canada lifted its position in Global X SuperDividend U.S. ETF by 11.4% in the first quarter. Royal Bank of Canada now owns 118,261 shares of the company’s stock valued at $2,228,000 after purchasing an additional 12,134 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Global X SuperDividend U.S. ETF by 58.9% in the first quarter. Jones Financial Companies Lllp now owns 18,815 shares of the company’s stock valued at $354,000 after purchasing an additional 6,974 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Global X SuperDividend U.S. ETF by 700.4% in the first quarter. Goldman Sachs Group Inc. now owns 84,127 shares of the company’s stock valued at $1,585,000 after purchasing an additional 73,617 shares during the last quarter. CWM LLC lifted its position in Global X SuperDividend U.S. ETF by 54.1% in the third quarter. CWM LLC now owns 24,834 shares of the company’s stock valued at $439,000 after purchasing an additional 8,715 shares during the last quarter. Finally, LifeWealth Investments LLC lifted its position in Global X SuperDividend U.S. ETF by 2.5% in the third quarter. LifeWealth Investments LLC now owns 30,440 shares of the company’s stock valued at $538,000 after purchasing an additional 751 shares during the last quarter.

Global X SuperDividend U.S. ETF Company Profile

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.