Short Interest in Global X SuperDividend REIT ETF (NASDAQ:SRET) Rises By 300.0%

Global X SuperDividend REIT ETF (NASDAQ:SRET) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 3,200 shares, an increase of 300.0% from the December 31st total of 800 shares. Based on an average daily volume of 34,400 shares, the short-interest ratio is presently 0.1 days.

Global X SuperDividend REIT ETF Stock Down 1.0 %

Shares of SRET stock traded down $0.20 on Wednesday, hitting $20.29. The company had a trading volume of 26,358 shares, compared to its average volume of 86,659. Global X SuperDividend REIT ETF has a twelve month low of $18.90 and a twelve month high of $22.88. The company has a 50-day moving average price of $20.48 and a 200-day moving average price of $21.25. The firm has a market cap of $179.77 million, a P/E ratio of 9.61 and a beta of 1.22.

Global X SuperDividend REIT ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were issued a $0.155 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.86 dividend on an annualized basis and a yield of 9.17%.

Hedge Funds Weigh In On Global X SuperDividend REIT ETF

Several hedge funds have recently bought and sold shares of SRET. MML Investors Services LLC purchased a new stake in Global X SuperDividend REIT ETF during the third quarter worth approximately $279,000. HighTower Advisors LLC acquired a new stake in shares of Global X SuperDividend REIT ETF during the 3rd quarter valued at approximately $222,000. Axiom Advisory LLC increased its position in Global X SuperDividend REIT ETF by 3.9% during the third quarter. Axiom Advisory LLC now owns 17,874 shares of the company’s stock worth $384,000 after buying an additional 668 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Global X SuperDividend REIT ETF by 79.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,625 shares of the company’s stock worth $333,000 after purchasing an additional 7,347 shares during the period. Finally, Crews Bank & Trust acquired a new stake in shares of Global X SuperDividend REIT ETF during the 4th quarter worth $64,000.

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.