Global X SuperDividend ETF (NYSEARCA:SDIV) Sees Large Growth in Short Interest

Global X SuperDividend ETF (NYSEARCA:SDIV) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 1,693,891 shares, an increase of 39.5% from the December 31st total of 1,214,009 shares. Approximately 3.7% of the company’s stock are sold short. Based on an average daily volume of 696,269 shares, the short-interest ratio is currently 2.4 days. Based on an average daily volume of 696,269 shares, the short-interest ratio is currently 2.4 days. Approximately 3.7% of the company’s stock are sold short.

Global X SuperDividend ETF Stock Performance

NYSEARCA SDIV traded down $0.52 during trading on Friday, hitting $25.71. The stock had a trading volume of 671,137 shares, compared to its average volume of 689,466. Global X SuperDividend ETF has a 12 month low of $17.87 and a 12 month high of $26.44. The company has a market capitalization of $1.18 billion, a PE ratio of 8.00 and a beta of 0.85. The company’s 50-day moving average price is $24.56 and its two-hundred day moving average price is $24.00.

Institutional Trading of Global X SuperDividend ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. KERR FINANCIAL PLANNING Corp bought a new stake in Global X SuperDividend ETF during the third quarter worth $25,000. Total Investment Management Inc. acquired a new stake in shares of Global X SuperDividend ETF in the second quarter valued at approximately $34,000. MAI Capital Management boosted its position in Global X SuperDividend ETF by 51,150.0% during the second quarter. MAI Capital Management now owns 2,050 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 2,046 shares during the period. CWM LLC boosted its holdings in shares of Global X SuperDividend ETF by 794.7% during the 2nd quarter. CWM LLC now owns 2,174 shares of the exchange traded fund’s stock worth $49,000 after buying an additional 1,931 shares during the period. Finally, Ameriflex Group Inc. bought a new stake in shares of Global X SuperDividend ETF during the third quarter worth approximately $57,000.

About Global X SuperDividend ETF

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.