Short Interest in Dimensional Global Credit ETF (NASDAQ:DGCB) Expands By 269.7%

Dimensional Global Credit ETF (NASDAQ:DGCB) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 139,919 shares, an increase of 269.7% from the June 15th total of 37,848 shares. Based on an average trading volume of 213,860 shares, the short-interest ratio is presently 0.7 days. Currently, 0.7% of the company’s stock are short sold.

Dimensional Global Credit ETF Price Performance

Shares of Dimensional Global Credit ETF stock remained flat at $54.31 during trading on Friday. The stock had a trading volume of 83,783 shares, compared to its average volume of 95,818. The business’s fifty day moving average is $54.61 and its two-hundred day moving average is $54.56. Dimensional Global Credit ETF has a fifty-two week low of $53.44 and a fifty-two week high of $56.03.

Dimensional Global Credit ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, June 25th. Shareholders of record on Tuesday, June 23rd were paid a $0.4092 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 9.0%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DGCB. Allworth Financial LP acquired a new stake in shares of Dimensional Global Credit ETF in the 3rd quarter valued at $3,273,000. RFG Advisory LLC lifted its position in shares of Dimensional Global Credit ETF by 5.0% in the fourth quarter. RFG Advisory LLC now owns 260,250 shares of the company’s stock worth $14,115,000 after buying an additional 12,348 shares during the last quarter. Integrity Alliance LLC. increased its holdings in shares of Dimensional Global Credit ETF by 34.6% during the 4th quarter. Integrity Alliance LLC. now owns 785,250 shares of the company’s stock valued at $42,590,000 after acquiring an additional 201,801 shares during the last quarter. APS Management Group Inc. increased its holdings in shares of Dimensional Global Credit ETF by 7.6% during the 4th quarter. APS Management Group Inc. now owns 130,026 shares of the company’s stock valued at $7,052,000 after acquiring an additional 9,216 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in shares of Dimensional Global Credit ETF during the 4th quarter valued at about $647,000.

Dimensional Global Credit ETF Company Profile

The Dimensional Global Credit ETF (DGCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of debt securities of any credit quality that are maturing within 20 years. The fund aims to maximize total returns, while optimizing overall gains DGCB was launched on Nov 7, 2023 and is issued by Dimensional.