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

Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 204 shares, a decrease of 88.6% from the September 15th total of 1,785 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,373 shares, the days-to-cover ratio is presently 0.1 days.

Global X S&P 500 Quality Dividend ETF Stock Down 0.1%

Shares of NYSEARCA:QDIV traded down $0.04 during trading on Friday, reaching $38.90. 460 shares of the company traded hands, compared to its average volume of 2,519. The firm has a fifty day simple moving average of $39.85 and a 200 day simple moving average of $38.18. The firm has a market cap of $28.79 million, a P/E ratio of 15.17 and a beta of 0.68. Global X S&P 500 Quality Dividend ETF has a 1-year low of $33.56 and a 1-year high of $41.30.

Institutional Trading of Global X S&P 500 Quality Dividend ETF

A hedge fund recently raised its stake in Global X S&P 500 Quality Dividend ETF stock. Compound Planning Inc. grew its position in Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) by 2.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,586 shares of the company’s stock after purchasing an additional 403 shares during the period. Compound Planning Inc. owned about 1.66% of Global X S&P 500 Quality Dividend ETF worth $536,000 at the end of the most recent quarter.

About Global X S&P 500 Quality Dividend ETF

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.