Short Interest in Dimensional Global Credit ETF (NASDAQ:DGCB) Declines By 91.8%

Dimensional Global Credit ETF (NASDAQ:DGCB) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 11,422 shares, a decrease of 91.8% from the June 30th total of 139,919 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 133,681 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Dimensional Global Credit ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Williams & Novak LLC grew its position in shares of Dimensional Global Credit ETF by 4.3% during the 2nd quarter. Williams & Novak LLC now owns 6,114 shares of the company’s stock worth $334,000 after buying an additional 250 shares in the last quarter. Apella Capital LLC increased its stake in shares of Dimensional Global Credit ETF by 1,570.9% during the second quarter. Apella Capital LLC now owns 164,065 shares of the company’s stock valued at $8,919,000 after buying an additional 154,246 shares during the period. Optimus Capital Advisors LLC raised its holdings in shares of Dimensional Global Credit ETF by 2.4% in the first quarter. Optimus Capital Advisors LLC now owns 106,662 shares of the company’s stock valued at $5,774,000 after acquiring an additional 2,487 shares in the last quarter. E Wealth Partners LLC raised its holdings in shares of Dimensional Global Credit ETF by 5.9% in the first quarter. E Wealth Partners LLC now owns 157,875 shares of the company’s stock valued at $8,547,000 after acquiring an additional 8,828 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Dimensional Global Credit ETF by 0.8% in the first quarter. NewEdge Advisors LLC now owns 187,982 shares of the company’s stock valued at $10,176,000 after acquiring an additional 1,485 shares in the last quarter.

Dimensional Global Credit ETF Stock Performance

Shares of NASDAQ:DGCB traded up $0.14 during trading on Friday, reaching $53.23. 91,438 shares of the company were exchanged, compared to its average volume of 96,573. The business’s fifty day simple moving average is $54.45 and its 200-day simple moving average is $54.52. Dimensional Global Credit ETF has a 12-month low of $52.98 and a 12-month high of $56.03.

Dimensional Global Credit ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, July 23rd. Investors of record on Tuesday, July 21st were paid a $0.6839 dividend. This represents a c) annualized dividend and a yield of 15.4%. This is an increase from Dimensional Global Credit ETF’s previous monthly dividend of $0.41. The ex-dividend date of this dividend was Tuesday, July 21st.

About Dimensional Global Credit ETF

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.