Dimensional Global Credit ETF (NASDAQ:DGCB) Sees Large Increase in Short Interest

Dimensional Global Credit ETF (NASDAQ:DGCB) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 5,600 shares, an increase of 7.7% from the January 15th total of 5,200 shares. Based on an average trading volume of 67,600 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DGCB. Mattern Wealth Management LLC increased its stake in Dimensional Global Credit ETF by 135.9% in the 3rd quarter. Mattern Wealth Management LLC now owns 180,784 shares of the company’s stock valued at $9,914,000 after buying an additional 104,158 shares during the period. Bank of America Corp DE increased its stake in Dimensional Global Credit ETF by 12.9% in the 4th quarter. Bank of America Corp DE now owns 814,088 shares of the company’s stock valued at $42,821,000 after buying an additional 93,150 shares during the period. Master S Wealth Management Inc. acquired a new position in Dimensional Global Credit ETF in the 4th quarter valued at approximately $3,981,000. Vantage Point Financial LLC acquired a new position in Dimensional Global Credit ETF in the 4th quarter valued at approximately $3,863,000. Finally, Vestmark Advisory Solutions Inc. increased its stake in Dimensional Global Credit ETF by 5.9% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 1,232,828 shares of the company’s stock valued at $64,847,000 after buying an additional 68,659 shares during the period.

Dimensional Global Credit ETF Stock Down 0.6 %

Shares of NASDAQ:DGCB traded down $0.30 during mid-day trading on Tuesday, hitting $52.94. The stock had a trading volume of 64,825 shares, compared to its average volume of 84,343. The company’s 50 day moving average is $52.77 and its 200-day moving average is $53.64. Dimensional Global Credit ETF has a 12-month low of $51.57 and a 12-month high of $55.16.

Dimensional Global Credit ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 24th. Shareholders of record on Wednesday, January 22nd were paid a $0.0078 dividend. The ex-dividend date was Wednesday, January 22nd.

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.