Short Interest in Arrow Dow Jones Global Yield ETF (NYSE:GYLD) Declines By 37.3%

Arrow Dow Jones Global Yield ETF (NYSE:GYLD) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 54,686 shares, a drop of 37.3% from the August 15th total of 87,243 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average trading volume of 11,137 shares, the short-interest ratio is currently 4.9 days.

Arrow Dow Jones Global Yield ETF Stock Performance

GYLD stock traded down $0.15 during midday trading on Friday, reaching $14.05. 9,464 shares of the company traded hands, compared to its average volume of 16,310. Arrow Dow Jones Global Yield ETF has a 52-week low of $12.88 and a 52-week high of $14.69. The business has a 50 day moving average of $14.37 and a 200-day moving average of $14.18. The firm has a market capitalization of $28.24 million, a price-to-earnings ratio of 11.13 and a beta of 0.55.

Arrow Dow Jones Global Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 21st. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.0906 per share. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Wednesday, September 16th.

Institutional Investors Weigh In On Arrow Dow Jones Global Yield ETF

Several hedge funds and other institutional investors have recently made changes to their positions in GYLD. Integrated Wealth Concepts LLC purchased a new position in shares of Arrow Dow Jones Global Yield ETF during the second quarter worth approximately $132,000. NewEdge Advisors LLC grew its position in shares of Arrow Dow Jones Global Yield ETF by 22.3% during the 2nd quarter. NewEdge Advisors LLC now owns 18,556 shares of the company’s stock worth $264,000 after buying an additional 3,378 shares in the last quarter. Finally, Sequent Planning LLC increased its stake in shares of Arrow Dow Jones Global Yield ETF by 8.8% during the first quarter. Sequent Planning LLC now owns 16,268 shares of the company’s stock valued at $224,000 after buying an additional 1,313 shares during the period.

About Arrow Dow Jones Global Yield ETF

The Arrow Dow Jones Global Yield ETF (GYLD) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index weighted equally between equities, sovereign debt, corporate debt, real estate and energy. The ETF seeks to invest in 150 securities and provide monthly distributions. GYLD was launched on May 8, 2012 and is managed by ArrowShares.