Global X SuperDividend REIT ETF (NASDAQ:SRET) Sees Large Decline in Short Interest

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 30,618 shares, a drop of 93.1% from the April 15th total of 443,222 shares. Based on an average trading volume of 42,665 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On Global X SuperDividend REIT ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. LPL Financial LLC boosted its position in Global X SuperDividend REIT ETF by 9.5% during the 4th quarter. LPL Financial LLC now owns 471,040 shares of the company’s stock worth $10,257,000 after acquiring an additional 40,743 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Global X SuperDividend REIT ETF by 12.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 366,561 shares of the company’s stock worth $7,932,000 after purchasing an additional 39,710 shares in the last quarter. D.A. Davidson & CO. bought a new stake in shares of Global X SuperDividend REIT ETF in the fourth quarter worth $5,319,000. Bank of America Corp DE boosted its holdings in Global X SuperDividend REIT ETF by 120.5% during the third quarter. Bank of America Corp DE now owns 175,402 shares of the company’s stock worth $3,796,000 after purchasing an additional 95,851 shares during the last quarter. Finally, Sigma Planning Corp boosted its holdings in Global X SuperDividend REIT ETF by 34.4% during the first quarter. Sigma Planning Corp now owns 50,709 shares of the company’s stock worth $1,075,000 after purchasing an additional 12,985 shares during the last quarter.

Global X SuperDividend REIT ETF Price Performance

SRET stock traded down $0.18 during trading hours on Wednesday, reaching $22.43. 34,518 shares of the stock were exchanged, compared to its average volume of 53,325. The firm’s 50-day moving average is $22.04 and its 200-day moving average is $22.11. The company has a market cap of $234.17 million, a price-to-earnings ratio of 16.47 and a beta of 0.87. Global X SuperDividend REIT ETF has a 12 month low of $20.04 and a 12 month high of $23.09.

Global X SuperDividend REIT ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Tuesday, May 5th were given a dividend of $0.153 per share. This is an increase from Global X SuperDividend REIT ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend was Tuesday, May 5th.

Global X SuperDividend REIT ETF Company Profile

The Global X SuperDividend REIT ETF (SRET) is an exchange-traded fund that is based on the Solactive Global Superdividend REIT index. The fund tracks an equal-weighted index of global REITs, choosing 30 high-yield, low-volatility companies. SRET was launched on Mar 17, 2015 and is managed by Global X.