Short Interest in Dimensional Global Credit ETF (NASDAQ:DGCB) Declines By 58.2%

Dimensional Global Credit ETF (NASDAQ:DGCB) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 69,635 shares, a decline of 58.2% from the May 14th total of 166,767 shares. Based on an average daily volume of 80,476 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP acquired a new position in Dimensional Global Credit ETF during the 3rd quarter valued at approximately $3,273,000. RFG Advisory LLC boosted its position in Dimensional Global Credit ETF by 5.0% during the 4th quarter. RFG Advisory LLC now owns 260,250 shares of the company’s stock valued at $14,115,000 after purchasing an additional 12,348 shares during the period. Diversify Advisory Services LLC acquired a new position in Dimensional Global Credit ETF during the 4th quarter valued at approximately $647,000. APS Management Group Inc. boosted its position in Dimensional Global Credit ETF by 7.6% during the 4th quarter. APS Management Group Inc. now owns 130,026 shares of the company’s stock valued at $7,052,000 after purchasing an additional 9,216 shares during the period. Finally, Integrity Alliance LLC. boosted its position in Dimensional Global Credit ETF by 34.6% during the 4th quarter. Integrity Alliance LLC. now owns 785,250 shares of the company’s stock valued at $42,590,000 after purchasing an additional 201,801 shares during the period.

Dimensional Global Credit ETF Stock Performance

NASDAQ:DGCB opened at $54.91 on Friday. Dimensional Global Credit ETF has a 12-month low of $53.44 and a 12-month high of $56.03. The business has a 50 day simple moving average of $54.56 and a 200 day simple moving average of $54.57.

Dimensional Global Credit ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, May 21st. Investors of record on Tuesday, May 19th were given a dividend of $0.2192 per share. The ex-dividend date was Tuesday, May 19th. This represents a c) dividend on an annualized basis and a yield of 4.8%.

Dimensional Global Credit ETF Company Profile

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.