Global X SuperDividend REIT ETF (NASDAQ:SRET) Sees Significant Increase in Short Interest

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 55,004 shares, an increase of 79.6% from the April 30th total of 30,618 shares. Based on an average daily volume of 42,512 shares, the short-interest ratio is presently 1.3 days. Currently, 0.5% of the shares of the company are sold short.

Global X SuperDividend REIT ETF Stock Performance

Shares of SRET stock opened at $21.83 on Thursday. Global X SuperDividend REIT ETF has a fifty-two week low of $20.49 and a fifty-two week high of $23.09. The stock’s fifty day moving average is $22.17 and its two-hundred day moving average is $22.18. The firm has a market capitalization of $227.91 million, a P/E ratio of 16.47 and a beta of 0.85.

Global X SuperDividend REIT ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.153 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend is Wednesday, June 3rd.

Hedge Funds Weigh In On Global X SuperDividend REIT ETF

A number of large investors have recently modified their holdings of SRET. LPL Financial LLC grew its stake 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 valued at $10,257,000 after purchasing an additional 40,743 shares in the last quarter. Bank of America Corp DE boosted its position in Global X SuperDividend REIT ETF by 107.4% during the 1st quarter. Bank of America Corp DE now owns 382,617 shares of the company’s stock valued at $8,111,000 after purchasing an additional 198,163 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Global X SuperDividend REIT ETF by 12.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 366,561 shares of the company’s stock valued at $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 during the fourth quarter valued at about $5,319,000. Finally, Sigma Planning Corp raised its stake in shares of 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 valued at $1,075,000 after purchasing an additional 12,985 shares in the last quarter.

About Global X SuperDividend REIT ETF

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.