Global X SuperDividend U.S. ETF (NYSEARCA:DIV) Sees Large Increase in Short Interest

Global X SuperDividend U.S. ETF (NYSEARCA:DIV) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 441,947 shares, a growth of 99.0% from the January 29th total of 222,104 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 299,297 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily trading volume, of 299,297 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Trust Co. of Vermont acquired a new stake in shares of Global X SuperDividend U.S. ETF during the third quarter worth about $27,000. Raleigh Capital Management Inc. purchased a new stake in Global X SuperDividend U.S. ETF during the 4th quarter valued at approximately $62,000. GPS Wealth Strategies Group LLC lifted its position in Global X SuperDividend U.S. ETF by 366.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 4,639 shares of the company’s stock worth $82,000 after acquiring an additional 3,644 shares during the period. SBI Securities Co. Ltd. lifted its position in Global X SuperDividend U.S. ETF by 8.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 7,047 shares of the company’s stock worth $122,000 after acquiring an additional 546 shares during the period. Finally, Prostatis Group LLC purchased a new position in shares of Global X SuperDividend U.S. ETF in the 4th quarter valued at approximately $175,000.

Global X SuperDividend U.S. ETF Stock Performance

NYSEARCA DIV traded up $0.02 on Friday, reaching $19.62. The stock had a trading volume of 185,555 shares, compared to its average volume of 332,154. The stock has a market cap of $735.16 million, a P/E ratio of 11.57 and a beta of 0.67. Global X SuperDividend U.S. ETF has a 12-month low of $16.19 and a 12-month high of $19.70. The business’s 50-day moving average price is $18.42 and its 200 day moving average price is $17.83.

Global X SuperDividend U.S. ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 9th. Investors of record on Wednesday, February 4th were paid a dividend of $0.102 per share. The ex-dividend date was Wednesday, February 4th. This represents a c) dividend on an annualized basis and a yield of 6.2%.

Global X SuperDividend U.S. ETF Company Profile

The Global X SuperDividend U.S. ETF (DIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an equally weighted index of 50 high-dividend, low-volatility securities. DIV was launched on Mar 11, 2013 and is managed by Global X.