Short Interest in Global X SuperDividend REIT ETF (NASDAQ:SRET) Decreases By 93.1%
by Amy Steele · The Cerbat GemGlobal X SuperDividend REIT ETF (NASDAQ:SRET – Get Free Report) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 30,618 shares, a drop of 93.1% from the April 15th total of 443,222 shares. Based on an average daily volume of 42,665 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s stock are sold short.
Institutional Investors Weigh In On Global X SuperDividend REIT ETF
Institutional investors and hedge funds have recently modified their holdings of the company. Founders Financial Alliance LLC increased its position in shares of Global X SuperDividend REIT ETF by 23.9% during the third quarter. Founders Financial Alliance LLC now owns 2,586 shares of the company’s stock worth $56,000 after purchasing an additional 499 shares in the last quarter. Advyzon Investment Management LLC boosted its stake in Global X SuperDividend REIT ETF by 3.5% in the 3rd quarter. Advyzon Investment Management LLC now owns 16,310 shares of the company’s stock worth $353,000 after buying an additional 553 shares during the last quarter. 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. Janney Montgomery Scott LLC boosted its stake in Global X SuperDividend REIT ETF by 6.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 20,635 shares of the company’s stock worth $449,000 after buying an additional 1,183 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of Global X SuperDividend REIT ETF by 11.1% in the 4th quarter. Osaic Holdings Inc. now owns 26,847 shares of the company’s stock worth $585,000 after purchasing an additional 2,691 shares during the period.
Global X SuperDividend REIT ETF Stock Performance
SRET stock traded down $0.09 during trading on Tuesday, reaching $22.56. 21,103 shares of the company traded hands, compared to its average volume of 53,186. The company has a market capitalization of $235.53 million, a price-to-earnings ratio of 16.47 and a beta of 0.87. The business has a 50 day simple moving average of $22.05 and a 200 day simple moving average of $22.10. Global X SuperDividend REIT ETF has a 12 month low of $20.04 and a 12 month high of $23.09.
Global X SuperDividend REIT ETF Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, May 12th. Investors of record on Tuesday, May 5th will be issued a dividend of $0.153 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. This is a positive change from Global X SuperDividend REIT ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, May 5th.
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.