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

Dimensional Global Credit ETF (NASDAQ:DGCB) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 9,600 shares, an increase of 71.4% from the January 31st total of 5,600 shares. Based on an average daily volume of 71,900 shares, the short-interest ratio is currently 0.1 days.

Dimensional Global Credit ETF Stock Up 0.4 %

NASDAQ:DGCB opened at $53.60 on Friday. The company has a 50-day moving average of $52.76 and a 200-day moving average of $53.61. Dimensional Global Credit ETF has a 52 week low of $51.57 and a 52 week high of $55.16.

Dimensional Global Credit ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, February 21st. Investors of record on Wednesday, February 19th were given a dividend of $0.1859 per share. The ex-dividend date was Wednesday, February 19th. This is a boost from Dimensional Global Credit ETF’s previous dividend of $0.01.

Institutional Investors Weigh In On Dimensional Global Credit ETF

A number of hedge funds have recently made changes to their positions in the company. Vestmark Advisory Solutions Inc. increased its position in shares of Dimensional Global Credit ETF by 5.9% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 1,232,828 shares of the company’s stock worth $64,847,000 after purchasing an additional 68,659 shares in the last quarter. Bank of America Corp DE increased its position in shares of Dimensional Global Credit ETF by 12.9% during the 4th quarter. Bank of America Corp DE now owns 814,088 shares of the company’s stock worth $42,821,000 after purchasing an additional 93,150 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Dimensional Global Credit ETF by 3.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 411,531 shares of the company’s stock worth $21,647,000 after purchasing an additional 14,225 shares in the last quarter. DiNuzzo Private Wealth Inc. increased its position in Dimensional Global Credit ETF by 2.9% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 329,055 shares of the company’s stock valued at $17,308,000 after acquiring an additional 9,227 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Dimensional Global Credit ETF by 7.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 287,292 shares of the company’s stock valued at $15,112,000 after acquiring an additional 19,742 shares in the last quarter.

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.