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

Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIVGet Free Report) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 851 shares, a drop of 34.5% from the January 29th total of 1,299 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 4,138 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 4,138 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Global X S&P 500 Quality Dividend ETF Stock Performance

QDIV stock traded down $0.10 during mid-day trading on Monday, reaching $38.36. 2,213 shares of the stock traded hands, compared to its average volume of 2,907. Global X S&P 500 Quality Dividend ETF has a one year low of $30.15 and a one year high of $39.09. The stock has a market capitalization of $32.61 million, a PE ratio of 15.17 and a beta of 0.80. The business has a 50-day moving average price of $36.75 and a two-hundred day moving average price of $35.48.

Global X S&P 500 Quality Dividend ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Wednesday, February 4th were paid a $0.092 dividend. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a c) annualized dividend and a yield of 2.9%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. XML Financial LLC bought a new stake in shares of Global X S&P 500 Quality Dividend ETF during the 3rd quarter worth approximately $5,517,000. Jane Street Group LLC purchased a new stake in Global X S&P 500 Quality Dividend ETF in the second quarter worth $1,257,000. APS Management Group Inc. bought a new stake in shares of Global X S&P 500 Quality Dividend ETF during the third quarter worth $553,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Global X S&P 500 Quality Dividend ETF during the second quarter valued at $451,000. Finally, Susquehanna International Group LLP grew its holdings in shares of Global X S&P 500 Quality Dividend ETF by 102.3% in the third quarter. Susquehanna International Group LLP now owns 15,810 shares of the company’s stock worth $556,000 after purchasing an additional 7,994 shares during the last quarter.

Global X S&P 500 Quality Dividend ETF Company Profile

(Get Free Report)

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.

Further Reading

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