Global X SuperDividend REIT ETF (NASDAQ:SRET) Short Interest Up 68.3% in November

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 6,900 shares, a growth of 68.3% from the October 31st total of 4,100 shares. Based on an average trading volume of 29,500 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. boosted its holdings in shares of Global X SuperDividend REIT ETF by 28.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,040,000 shares of the company’s stock worth $20,738,000 after purchasing an additional 230,000 shares in the last quarter. Cetera Investment Advisers boosted its stake in 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 worth $1,630,000 after buying an additional 19,952 shares in the last quarter. Cetera Advisors LLC bought a new position in Global X SuperDividend REIT ETF during the first quarter valued at approximately $1,596,000. Axiom Advisory LLC raised its stake in shares of Global X SuperDividend REIT ETF by 3.9% during the third quarter. Axiom Advisory LLC now owns 17,874 shares of the company’s stock worth $384,000 after acquiring an additional 668 shares in the last quarter. Finally, MML Investors Services LLC bought a new stake in shares of Global X SuperDividend REIT ETF in the 3rd quarter worth approximately $279,000.

Global X SuperDividend REIT ETF Price Performance

Shares of NASDAQ:SRET traded up $0.03 on Friday, hitting $21.47. The company’s stock had a trading volume of 23,121 shares, compared to its average volume of 32,065. Global X SuperDividend REIT ETF has a 1 year low of $18.90 and a 1 year high of $22.88. The company has a market capitalization of $221.14 million, a PE ratio of 9.61 and a beta of 1.22. The company has a 50-day simple moving average of $21.64 and a 200 day simple moving average of $21.12.

Global X SuperDividend REIT ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.155 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 8.66%. The ex-dividend date of this dividend was Tuesday, November 5th.

Global X SuperDividend REIT ETF Company Profile

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.