Global X SuperDividend REIT ETF (NASDAQ:SRET) Sees Large Decline in Short Interest

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 6,980 shares, a decline of 77.8% from the May 31st total of 31,378 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 35,094 shares, the days-to-cover ratio is presently 0.2 days.

Global X SuperDividend REIT ETF Stock Down 0.3%

Shares of SRET traded down $0.06 on Monday, hitting $22.65. 3,522 shares of the stock traded hands, compared to its average volume of 48,854. The firm has a market capitalization of $236.47 million, a P/E ratio of 16.47 and a beta of 0.85. The stock’s 50 day moving average is $22.44 and its two-hundred day moving average is $22.24. Global X SuperDividend REIT ETF has a 1 year low of $20.72 and a 1 year high of $23.09.

Global X SuperDividend REIT ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 3rd were issued a $0.153 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a c) annualized dividend and a yield of 8.1%.

Institutional Investors Weigh In On Global X SuperDividend REIT ETF

Hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Global X SuperDividend REIT ETF by 9.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 326,851 shares of the company’s stock valued at $6,916,000 after purchasing an additional 29,478 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Global X SuperDividend REIT ETF in the 2nd quarter worth about $157,000. Bank of America Corp DE boosted its stake in Global X SuperDividend REIT ETF by 0.8% in the 2nd quarter. Bank of America Corp DE now owns 79,551 shares of the company’s stock worth $1,683,000 after buying an additional 624 shares during the last quarter. Family Management Corp purchased a new stake in Global X SuperDividend REIT ETF in the 3rd quarter valued at about $289,000. Finally, Susquehanna International Group LLP grew its holdings in Global X SuperDividend REIT ETF by 234.8% in the 3rd quarter. Susquehanna International Group LLP now owns 46,706 shares of the company’s stock valued at $1,011,000 after buying an additional 32,757 shares during the period.

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.