Global X SuperDividend REIT ETF (NASDAQ:SRET) Short Interest Down 43.0% in May

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 31,378 shares, a drop of 43.0% from the May 14th total of 55,004 shares. Based on an average daily volume of 41,870 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the shares of the stock are sold short.

Global X SuperDividend REIT ETF Stock Performance

NASDAQ SRET opened at $22.38 on Tuesday. The company has a 50 day moving average of $22.36 and a 200-day moving average of $22.21. Global X SuperDividend REIT ETF has a 1-year low of $20.70 and a 1-year high of $23.09. The firm has a market cap of $233.65 million, a price-to-earnings ratio of 16.47 and a beta of 0.85.

Global X SuperDividend REIT ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 3rd were paid a $0.153 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

Institutional Investors Weigh In On Global X SuperDividend REIT ETF

A number of hedge funds have recently added to or reduced their stakes in SRET. D.A. Davidson & CO. bought a new position in Global X SuperDividend REIT ETF in the 4th quarter worth approximately $5,319,000. Stratos Wealth Partners LTD. raised its position in shares of Global X SuperDividend REIT ETF by 7.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 44,407 shares of the company’s stock worth $967,000 after acquiring an additional 2,899 shares during the last quarter. Advyzon Investment Management LLC lifted its stake in shares of Global X SuperDividend REIT ETF by 3.5% during the third quarter. Advyzon Investment Management LLC now owns 16,310 shares of the company’s stock valued at $353,000 after acquiring an additional 553 shares during the period. Founders Financial Alliance LLC boosted its holdings in Global X SuperDividend REIT ETF by 23.9% in the third quarter. Founders Financial Alliance LLC now owns 2,586 shares of the company’s stock valued at $56,000 after acquiring an additional 499 shares during the last quarter. Finally, Sei Investments Co. bought a new position in Global X SuperDividend REIT ETF in the first quarter valued at about $218,000.

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.