Global X SuperDividend ETF (NYSEARCA:SDIV) Short Interest Up 27.7% in February

Global X SuperDividend ETF (NYSEARCA:SDIV) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 2,388,780 shares, a growth of 27.7% from the February 12th total of 1,871,052 shares. Based on an average daily volume of 695,634 shares, the short-interest ratio is currently 3.4 days. Approximately 5.1% of the company’s shares are short sold. Approximately 5.1% of the company’s shares are short sold. Based on an average daily volume of 695,634 shares, the short-interest ratio is currently 3.4 days.

Institutional Investors Weigh In On Global X SuperDividend ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SDIV. Foguth Wealth Management LLC. purchased a new stake in Global X SuperDividend ETF during the 4th quarter valued at about $9,581,000. AE Wealth Management LLC increased its stake in Global X SuperDividend ETF by 517.2% in the 4th quarter. AE Wealth Management LLC now owns 124,899 shares of the exchange traded fund’s stock worth $3,001,000 after purchasing an additional 104,663 shares during the period. LPL Financial LLC lifted its position in Global X SuperDividend ETF by 10.1% in the fourth quarter. LPL Financial LLC now owns 1,019,626 shares of the exchange traded fund’s stock valued at $24,502,000 after purchasing an additional 93,821 shares during the last quarter. Principal Securities Inc. lifted its position in Global X SuperDividend ETF by 48.3% in the fourth quarter. Principal Securities Inc. now owns 275,101 shares of the exchange traded fund’s stock valued at $6,611,000 after purchasing an additional 89,635 shares during the last quarter. Finally, Synergy Asset Management LLC boosted its stake in shares of Global X SuperDividend ETF by 100.0% during the third quarter. Synergy Asset Management LLC now owns 174,992 shares of the exchange traded fund’s stock valued at $4,025,000 after purchasing an additional 87,496 shares during the period.

Global X SuperDividend ETF Stock Performance

NYSEARCA:SDIV traded down $0.30 during trading hours on Friday, reaching $24.60. The company’s stock had a trading volume of 838,384 shares, compared to its average volume of 789,454. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 8.00 and a beta of 0.85. The firm has a 50-day simple moving average of $25.61 and a 200-day simple moving average of $24.50. Global X SuperDividend ETF has a 1 year low of $17.87 and a 1 year high of $26.44.

Global X SuperDividend ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, February 4th were paid a dividend of $0.19 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend was Wednesday, February 4th.

Global X SuperDividend ETF Company Profile

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.