Global X MSCI SuperDividend EAFE ETF (NASDAQ:EFAS) Shares Down 0.9% – Here’s Why

Shares of Global X MSCI SuperDividend EAFE ETF (NASDAQ:EFAS) traded down 0.9% during mid-day trading on Thursday . The stock traded as low as $23.11 and last traded at $23.19. 15,481 shares were traded during trading, a decline of 27% from the average daily volume of 21,230 shares. The stock had previously closed at $23.39.

Global X MSCI SuperDividend EAFE ETF Trading Down 0.2%

The company has a market cap of $53.48 million, a P/E ratio of 11.91 and a beta of 0.57. The business’s fifty day moving average is $22.38 and its 200 day moving average is $21.77.

Global X MSCI SuperDividend EAFE ETF Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, August 12th. Shareholders of record on Wednesday, August 5th were given a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, August 5th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EFAS. Orion Porfolio Solutions LLC bought a new position in shares of Global X MSCI SuperDividend EAFE ETF during the 2nd quarter worth $244,000. Susquehanna International Group LLP purchased a new stake in Global X MSCI SuperDividend EAFE ETF in the 3rd quarter worth about $362,000. Encompass More Asset Management bought a new stake in Global X MSCI SuperDividend EAFE ETF in the 4th quarter valued at about $599,000. 3EDGE Asset Management LP raised its stake in Global X MSCI SuperDividend EAFE ETF by 6.6% in the 4th quarter. 3EDGE Asset Management LP now owns 189,165 shares of the company’s stock valued at $3,671,000 after acquiring an additional 11,738 shares during the period. Finally, Cetera Investment Advisers raised its stake in Global X MSCI SuperDividend EAFE ETF by 6.7% in the 4th quarter. Cetera Investment Advisers now owns 19,751 shares of the company’s stock valued at $383,000 after acquiring an additional 1,235 shares during the period.

About Global X MSCI SuperDividend EAFE ETF

The Global X MSCI SuperDividend EAFE ETF (EFAS) is an exchange-traded fund that is based on the MSCI EAFE Top 50 Dividend index. The fund tracks an index of stocks from developed countries outside North America. After screening for dividend growth and sustainability, the 50 highest yielding stocks are selected and given equal weight. EFAS was launched on Nov 14, 2016 and is managed by Global X.