Global X SuperDividend REIT ETF (NASDAQ:SRET) Short Interest Update

Global X SuperDividend REIT ETF (NASDAQ:SRET) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 11,976 shares, a drop of 79.4% from the August 31st total of 58,103 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 51,218 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Global X SuperDividend REIT ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SRET. Bank of America Corp DE raised its position in shares of Global X SuperDividend REIT ETF by 107.4% in the first quarter. Bank of America Corp DE now owns 382,617 shares of the company’s stock worth $8,111,000 after acquiring an additional 198,163 shares during the period. Sigma Planning Corp increased its stake in shares of Global X SuperDividend REIT ETF by 34.4% in the 1st quarter. Sigma Planning Corp now owns 50,709 shares of the company’s stock valued at $1,075,000 after purchasing an additional 12,985 shares in the last quarter. M Holdings Securities Inc. purchased a new position in shares of Global X SuperDividend REIT ETF in the 2nd quarter valued at about $782,000. Finally, Sei Investments Co. acquired a new position in Global X SuperDividend REIT ETF in the 1st quarter worth about $218,000.

Global X SuperDividend REIT ETF Stock Up 0.0%

Shares of NASDAQ SRET traded up $0.01 during midday trading on Friday, reaching $20.31. 75,922 shares of the stock were exchanged, compared to its average volume of 44,864. The firm has a market cap of $213.66 million, a price-to-earnings ratio of 16.47 and a beta of 0.85. Global X SuperDividend REIT ETF has a twelve month low of $20.11 and a twelve month high of $23.48. The firm has a 50-day simple moving average of $22.05 and a two-hundred day simple moving average of $22.17.

Global X SuperDividend REIT ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 11th. Investors of record on Thursday, September 3rd were issued a dividend of $0.1850 per share. This represents a $2.22 dividend on an annualized basis and a yield of 10.9%. This is a boost from Global X SuperDividend REIT ETF’s previous monthly dividend of $0.1822. The ex-dividend date of this dividend was Thursday, September 3rd.

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.