Short Interest in Dimensional Global Credit ETF (NASDAQ:DGCB) Increases By 123.2%

Dimensional Global Credit ETF (NASDAQ:DGCB) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 166,767 shares, an increase of 123.2% from the April 30th total of 74,725 shares. Based on an average daily volume of 78,431 shares, the short-interest ratio is presently 2.1 days. Approximately 0.9% of the shares of the company are short sold.

Institutional Investors Weigh In On Dimensional Global Credit ETF

Several hedge funds and other institutional investors have recently modified their holdings of DGCB. Integrity Advisory Solutions LLC acquired a new stake in shares of Dimensional Global Credit ETF in the third quarter worth $47,992,000. Tencap Wealth Coaching LLC acquired a new stake in shares of Dimensional Global Credit ETF in the fourth quarter worth $23,464,000. AA Financial Advisors LLC acquired a new stake in shares of Dimensional Global Credit ETF in the first quarter worth $17,125,000. Integrity Alliance LLC. grew its stake in shares of Dimensional Global Credit ETF by 34.6% in 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 during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Dimensional Global Credit ETF in the third quarter worth $8,852,000.

Dimensional Global Credit ETF Trading Up 0.1%

DGCB stock traded up $0.05 during midday trading on Friday, hitting $54.79. 65,068 shares of the company traded hands, compared to its average volume of 79,413. Dimensional Global Credit ETF has a twelve month low of $52.98 and a twelve month high of $56.03. The business has a 50 day simple moving average of $54.41 and a 200-day simple moving average of $54.59.

Dimensional Global Credit ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, May 21st. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.2192 per share. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date was Tuesday, May 19th.

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.