Short Interest in Global X SuperDividend U.S. ETF (NYSEARCA:DIV) Increases By 99.0%

Global X SuperDividend U.S. ETF (NYSEARCA:DIV) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 441,947 shares, an increase of 99.0% from the January 29th total of 222,104 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average trading volume of 299,297 shares, the short-interest ratio is currently 1.5 days. Based on an average trading volume of 299,297 shares, the short-interest ratio is currently 1.5 days. Currently, 1.2% of the shares of the stock are short sold.

Global X SuperDividend U.S. ETF Stock Performance

Shares of DIV traded up $0.02 during mid-day trading on Friday, reaching $19.62. The company had a trading volume of 185,406 shares, compared to its average volume of 332,151. The company has a market capitalization of $735.16 million, a price-to-earnings ratio of 11.57 and a beta of 0.67. The company’s 50 day simple moving average is $18.38 and its 200 day simple moving average is $17.82. Global X SuperDividend U.S. ETF has a 1-year low of $16.19 and a 1-year high of $19.70.

Global X SuperDividend U.S. ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Wednesday, February 4th were paid a dividend of $0.102 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Wednesday, February 4th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Trust Co. of Vermont bought a new position in Global X SuperDividend U.S. ETF in the third quarter valued at about $27,000. Raleigh Capital Management Inc. acquired a new position in shares of Global X SuperDividend U.S. ETF in the fourth quarter valued at approximately $62,000. GPS Wealth Strategies Group LLC increased its stake in shares of Global X SuperDividend U.S. ETF by 366.2% in the second quarter. GPS Wealth Strategies Group LLC now owns 4,639 shares of the company’s stock valued at $82,000 after buying an additional 3,644 shares during the period. SBI Securities Co. Ltd. raised its holdings in Global X SuperDividend U.S. ETF by 8.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 7,047 shares of the company’s stock valued at $122,000 after buying an additional 546 shares during the last quarter. Finally, Prostatis Group LLC acquired a new stake in Global X SuperDividend U.S. ETF during the 4th quarter worth approximately $175,000.

Global X SuperDividend U.S. ETF Company Profile

The Global X SuperDividend U.S. ETF (DIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an equally weighted index of 50 high-dividend, low-volatility securities. DIV was launched on Mar 11, 2013 and is managed by Global X.