Global X SuperDividend REIT ETF (NASDAQ:SRET) Sees Significant Decrease in Short Interest

Global X SuperDividend REIT ETF (NASDAQ:SRET) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 7,212 shares, a drop of 39.8% from the September 15th total of 11,976 shares. Based on an average daily trading volume, of 41,824 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Global X SuperDividend REIT ETF

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in Global X SuperDividend REIT ETF by 107.4% during the first quarter. Bank of America Corp DE now owns 382,617 shares of the company’s stock worth $8,111,000 after purchasing an additional 198,163 shares in the last quarter. Sigma Planning Corp grew its position in shares of Global X SuperDividend REIT ETF by 34.4% in the 1st quarter. Sigma Planning Corp now owns 50,709 shares of the company’s stock valued at $1,075,000 after buying an additional 12,985 shares during the last quarter. M Holdings Securities Inc. purchased a new stake in Global X SuperDividend REIT ETF in the second quarter valued at $782,000. Sei Investments Co. acquired a new position in Global X SuperDividend REIT ETF in the first quarter valued at $218,000. Finally, Farther Finance Advisors LLC boosted its stake in Global X SuperDividend REIT ETF by 896.0% in the third quarter. Farther Finance Advisors LLC now owns 2,261 shares of the company’s stock valued at $45,000 after acquiring an additional 2,034 shares in the last quarter.

Global X SuperDividend REIT ETF Stock Performance

Shares of NASDAQ:SRET traded down $0.10 on Friday, hitting $19.61. 31,715 shares of the company’s stock were exchanged, compared to its average volume of 45,865. The firm’s 50-day moving average is $21.15 and its 200 day moving average is $21.99. The company has a market capitalization of $199.83 million, a PE ratio of 16.47 and a beta of 0.86. Global X SuperDividend REIT ETF has a 1-year low of $19.04 and a 1-year high of $23.48.

Global X SuperDividend REIT ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 13th. Investors of record on Monday, October 5th were paid a dividend of $0.1850 per share. The ex-dividend date was Monday, October 5th. This represents a $2.22 annualized dividend and a yield of 11.3%.

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.