Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) Sees Large Decline in Short Interest

Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 851 shares, a decrease of 34.5% from the January 29th total of 1,299 shares. Based on an average daily trading volume, of 4,138 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 4,138 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in QDIV. Compound Planning Inc. lifted its position in Global X S&P 500 Quality Dividend ETF by 4.6% during the fourth quarter. Compound Planning Inc. now owns 14,183 shares of the company’s stock valued at $492,000 after acquiring an additional 630 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of Global X S&P 500 Quality Dividend ETF by 8.0% during the 4th quarter. Harbour Investments Inc. now owns 68,528 shares of the company’s stock valued at $2,390,000 after purchasing an additional 5,095 shares during the last quarter. Susquehanna International Group LLP boosted its position in shares of Global X S&P 500 Quality Dividend ETF by 102.3% in the 3rd quarter. Susquehanna International Group LLP now owns 15,810 shares of the company’s stock worth $556,000 after purchasing an additional 7,994 shares in the last quarter. APS Management Group Inc. purchased a new position in Global X S&P 500 Quality Dividend ETF during the 3rd quarter worth $553,000. Finally, XML Financial LLC acquired a new position in Global X S&P 500 Quality Dividend ETF during the 3rd quarter valued at about $5,517,000.

Global X S&P 500 Quality Dividend ETF Price Performance

Shares of NYSEARCA:QDIV traded up $0.29 during trading hours on Friday, hitting $38.46. The company’s stock had a trading volume of 633 shares, compared to its average volume of 2,926. The firm’s fifty day moving average price is $36.75 and its 200 day moving average price is $35.48. Global X S&P 500 Quality Dividend ETF has a 52 week low of $30.15 and a 52 week high of $39.09. The company has a market capitalization of $32.69 million, a price-to-earnings ratio of 15.17 and a beta of 0.80.

Global X S&P 500 Quality Dividend ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Wednesday, February 4th were issued a dividend of $0.092 per share. The ex-dividend date was Wednesday, February 4th. This represents a c) dividend on an annualized basis and a yield of 2.9%.

Global X S&P 500 Quality Dividend ETF Company Profile

The Global X S&P 500 Quality Dividend ETF (QDIV) is an exchange-traded fund that is based on the S&P 500 Quality High Dividend index. The fund tracks an index of equal-weighted US large-cap stocks selected from the S&P 500 Index based on quality and dividend metrics. QDIV was launched on Jul 13, 2018 and is managed by Global X.