Dimensional Global Credit ETF (NASDAQ:DGCB) Short Interest Up 61.9% in July

Dimensional Global Credit ETF (NASDAQ:DGCB) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 18,490 shares, a growth of 61.9% from the July 15th total of 11,422 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 122,261 shares, the days-to-cover ratio is currently 0.2 days.

Dimensional Global Credit ETF Price Performance

Shares of NASDAQ DGCB traded down $0.11 during trading on Monday, hitting $53.32. 105,983 shares of the company traded hands, compared to its average volume of 97,427. The business’s fifty day moving average is $54.12 and its 200 day moving average is $54.42. Dimensional Global Credit ETF has a fifty-two week low of $52.98 and a fifty-two week high of $56.03.

Dimensional Global Credit ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, July 23rd. Investors of record on Tuesday, July 21st were given a $0.6839 dividend. This represents a c) dividend on an annualized basis and a yield of 15.4%. The ex-dividend date of this dividend was Tuesday, July 21st. This is a positive change from Dimensional Global Credit ETF’s previous monthly dividend of $0.41.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tencap Wealth Coaching LLC bought a new position in shares of Dimensional Global Credit ETF in the fourth quarter valued at $23,464,000. AA Financial Advisors LLC bought a new stake in shares of Dimensional Global Credit ETF during the first quarter worth about $17,125,000. Integrity Alliance LLC. increased its position in shares of Dimensional Global Credit ETF by 34.6% during the fourth quarter. Integrity Alliance LLC. now owns 785,250 shares of the company’s stock worth $42,590,000 after acquiring an additional 201,801 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Dimensional Global Credit ETF in the 3rd quarter worth about $8,852,000. Finally, Apella Capital LLC raised its holdings in shares of Dimensional Global Credit ETF by 1,570.9% in the 2nd quarter. Apella Capital LLC now owns 164,065 shares of the company’s stock worth $8,919,000 after acquiring an additional 154,246 shares during the last quarter.

About Dimensional Global Credit ETF

The Dimensional Global Credit ETF (DGCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of debt securities of any credit quality that are maturing within 20 years. The fund aims to maximize total returns, while optimizing overall gains DGCB was launched on Nov 7, 2023 and is issued by Dimensional.