Short Interest in Dimensional Global Credit ETF (NASDAQ:DGCB) Increases By 123.2%
by Scott Moore · The Cerbat GemDimensional Global Credit ETF (NASDAQ:DGCB – Get Free Report) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 166,767 shares, a growth of 123.2% from the April 30th total of 74,725 shares. Based on an average daily trading volume, of 78,431 shares, the short-interest ratio is presently 2.1 days. Approximately 0.9% of the shares of the company are short sold.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP bought a new position in shares of Dimensional Global Credit ETF during the third quarter valued at $3,273,000. Diversify Advisory Services LLC bought a new position in shares of Dimensional Global Credit ETF during the fourth quarter valued at $647,000. APS Management Group Inc. lifted its holdings in shares of Dimensional Global Credit ETF by 7.6% during the fourth quarter. APS Management Group Inc. now owns 130,026 shares of the company’s stock valued at $7,052,000 after acquiring an additional 9,216 shares during the period. Integrity Alliance LLC. lifted its holdings in shares of Dimensional Global Credit ETF by 34.6% during the fourth quarter. Integrity Alliance LLC. now owns 785,250 shares of the company’s stock valued at $42,590,000 after acquiring an additional 201,801 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Dimensional Global Credit ETF by 13.7% during the third quarter. Envestnet Asset Management Inc. now owns 673,316 shares of the company’s stock valued at $37,335,000 after acquiring an additional 81,172 shares during the period.
Dimensional Global Credit ETF Stock Up 0.1%
DGCB traded up $0.05 during trading on Friday, reaching $54.79. 65,068 shares of the company’s stock were exchanged, compared to its average volume of 79,413. Dimensional Global Credit ETF has a fifty-two week low of $52.98 and a fifty-two week high of $56.03. The business has a 50 day moving average price of $54.41 and a 200 day moving average price of $54.59.
Dimensional Global Credit ETF Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Thursday, May 21st. Shareholders of record on Tuesday, May 19th were paid 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.