Dimensional Global Credit ETF (NASDAQ:DGCB) Short Interest Up 106.2% in August

Dimensional Global Credit ETF (NASDAQ:DGCB) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 200,200 shares, an increase of 106.2% from the August 15th total of 97,100 shares. Based on an average trading volume of 47,300 shares, the days-to-cover ratio is currently 4.2 days.

Dimensional Global Credit ETF Stock Performance

NASDAQ DGCB traded up $0.14 during trading on Friday, hitting $54.79. 30,842 shares of the company’s stock traded hands, compared to its average volume of 45,417. The stock has a fifty day moving average of $53.73 and a two-hundred day moving average of $52.98. Dimensional Global Credit ETF has a 12-month low of $50.06 and a 12-month high of $54.89.

Dimensional Global Credit ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Tuesday, August 20th were given a dividend of $0.122 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.46 annualized dividend and a yield of 2.67%.

Institutional Trading of Dimensional Global Credit ETF

Several institutional investors have recently added to or reduced their stakes in DGCB. Commonwealth Equity Services LLC boosted its position in Dimensional Global Credit ETF by 112.4% during the second quarter. Commonwealth Equity Services LLC now owns 242,641 shares of the company’s stock valued at $12,780,000 after buying an additional 128,427 shares during the period. OLD Mission Capital LLC purchased a new stake in Dimensional Global Credit ETF during the first quarter valued at about $4,137,000. Mattern Wealth Management LLC purchased a new stake in Dimensional Global Credit ETF during the first quarter valued at about $2,464,000. Orion Portfolio Solutions LLC purchased a new stake in Dimensional Global Credit ETF during the fourth quarter valued at about $1,967,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Dimensional Global Credit ETF by 177.2% during the second quarter. NewEdge Advisors LLC now owns 57,017 shares of the company’s stock worth $3,003,000 after purchasing an additional 36,446 shares during the period.

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.