Global X SuperDividend ETF (NYSEARCA:SDIV) Short Interest Down 24.8% in March

Global X SuperDividend ETF (NYSEARCA:SDIV) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 1,795,608 shares, a decrease of 24.8% from the February 26th total of 2,388,780 shares. Based on an average daily volume of 990,843 shares, the short-interest ratio is currently 1.8 days. Approximately 3.9% of the company’s shares are short sold.

Institutional Investors Weigh In On Global X SuperDividend ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fiduciary Alliance LLC bought a new stake in Global X SuperDividend ETF in the third quarter valued at approximately $602,000. Envestnet Asset Management Inc. increased its stake in shares of Global X SuperDividend ETF by 96.9% in the third quarter. Envestnet Asset Management Inc. now owns 126,794 shares of the exchange traded fund’s stock worth $3,041,000 after buying an additional 62,413 shares during the period. Cetera Investment Advisers raised its holdings in Global X SuperDividend ETF by 18.9% during the 2nd quarter. Cetera Investment Advisers now owns 103,842 shares of the exchange traded fund’s stock valued at $2,342,000 after buying an additional 16,496 shares during the last quarter. Global Retirement Partners LLC bought a new stake in Global X SuperDividend ETF during the 2nd quarter valued at $268,000. Finally, Jones Financial Companies Lllp boosted its position in Global X SuperDividend ETF by 92.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 68,965 shares of the exchange traded fund’s stock valued at $1,643,000 after buying an additional 33,072 shares during the period.

Global X SuperDividend ETF Stock Performance

SDIV stock opened at $24.47 on Friday. The firm has a market cap of $1.14 billion, a P/E ratio of 8.00 and a beta of 0.85. The firm’s fifty day moving average is $25.60 and its 200 day moving average is $24.56. Global X SuperDividend ETF has a 52 week low of $17.87 and a 52 week high of $26.44.

Global X SuperDividend ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, February 4th were paid a dividend of $0.19 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend was Wednesday, February 4th.

Global X SuperDividend ETF Company Profile

The Global X SuperDividend ETF (SDIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an equal-weighted index of 100 global securities with high yields. SDIV was launched on Jun 8, 2011 and is managed by Global X.