Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) Sees Significant Decline in Short Interest

Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 1,299 shares, a drop of 94.8% from the January 15th total of 24,797 shares. Based on an average daily volume of 1,958 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 1,958 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Global X S&P 500 Quality Dividend ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbour Investments Inc. lifted its position in shares of Global X S&P 500 Quality Dividend ETF by 8.8% during the second quarter. Harbour Investments Inc. now owns 58,142 shares of the company’s stock worth $1,970,000 after purchasing an additional 4,699 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Global X S&P 500 Quality Dividend ETF by 22.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,605 shares of the company’s stock valued at $1,206,000 after buying an additional 6,420 shares during the period. Jane Street Group LLC bought a new stake in shares of Global X S&P 500 Quality Dividend ETF during the second quarter worth $1,257,000. Bank of America Corp DE bought a new stake in shares of Global X S&P 500 Quality Dividend ETF during the second quarter worth $53,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Global X S&P 500 Quality Dividend ETF during the second quarter valued at $451,000.

Global X S&P 500 Quality Dividend ETF Stock Performance

Global X S&P 500 Quality Dividend ETF stock traded up $0.15 during trading hours on Tuesday, hitting $38.53. 2,650 shares of the stock were exchanged, compared to its average volume of 2,402. The stock has a market capitalization of $32.75 million, a P/E ratio of 15.17 and a beta of 0.80. The business’s 50-day moving average is $35.85 and its two-hundred day moving average is $35.09. Global X S&P 500 Quality Dividend ETF has a 12 month low of $30.15 and a 12 month high of $38.65.

Global X S&P 500 Quality Dividend ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Wednesday, February 4th were paid a $0.092 dividend. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a c) dividend on an annualized basis and a yield of 2.9%.

Global X S&P 500 Quality Dividend ETF Company Profile

The Global X S&P 500 Quality Dividend ETF (QDIV) is an exchange-traded fund that is based on the S&P 500 Quality High Dividend index. The fund tracks an index of equal-weighted US large-cap stocks selected from the S&P 500 Index based on quality and dividend metrics. QDIV was launched on Jul 13, 2018 and is managed by Global X.