Short Interest in Global X SuperDividend REIT ETF (NASDAQ:SRET) Grows By 214.3%

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 4,400 shares, a growth of 214.3% from the June 15th total of 1,400 shares. Based on an average daily trading volume, of 34,700 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Sykon Capital LLC purchased a new position in Global X SuperDividend REIT ETF in the fourth quarter valued at $203,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Global X SuperDividend REIT ETF by 1.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 325,225 shares of the company’s stock valued at $7,194,000 after buying an additional 4,380 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new position in Global X SuperDividend REIT ETF in the fourth quarter valued at $231,000. Raymond James Financial Services Advisors Inc. purchased a new position in Global X SuperDividend REIT ETF in the fourth quarter valued at $224,000. Finally, Cetera Investment Advisers grew its position in shares of Global X SuperDividend REIT ETF by 33.4% in the first quarter. Cetera Investment Advisers now owns 79,756 shares of the company’s stock valued at $1,630,000 after purchasing an additional 19,952 shares during the period.

Global X SuperDividend REIT ETF Trading Up 3.1 %

Shares of NASDAQ:SRET traded up $0.62 on Thursday, hitting $20.79. 174,221 shares of the company were exchanged, compared to its average volume of 34,407. The stock’s 50 day moving average price is $19.92 and its 200 day moving average price is $20.21. Global X SuperDividend REIT ETF has a 1-year low of $18.06 and a 1-year high of $22.99. The firm has a market capitalization of $217.88 million, a P/E ratio of 9.61 and a beta of 1.22.

Global X SuperDividend REIT ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, July 3rd will be issued a dividend of $0.145 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.74 annualized dividend and a dividend yield of 8.37%.

About Global X SuperDividend REIT ETF

The Global X SuperDividend REIT ETF (SRET) is an exchange-traded fund that is based on the Solactive Global Superdividend REIT index. The fund tracks an equal-weighted index of global REITs, choosing 30 high-yield, low-volatility companies. SRET was launched on Mar 17, 2015 and is managed by Global X.