Short Interest in Global X SuperDividend REIT ETF (NASDAQ:SRET) Drops By 58.2%

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 12,000 shares, a drop of 58.2% from the January 31st total of 28,700 shares. Based on an average trading volume of 47,400 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Global X SuperDividend REIT ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC acquired a new stake in Global X SuperDividend REIT ETF during the 3rd quarter valued at $222,000. MML Investors Services LLC bought a new position in shares of Global X SuperDividend REIT ETF in the third quarter valued at about $279,000. 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 buying an additional 7,347 shares during the last quarter. Crews Bank & Trust bought a new stake in shares of Global X SuperDividend REIT ETF during the 4th quarter worth about $64,000. Finally, SBI Securities Co. Ltd. acquired a new position in Global X SuperDividend REIT ETF in the 4th quarter valued at about $941,000.

Global X SuperDividend REIT ETF Stock Up 0.7 %

Global X SuperDividend REIT ETF stock traded up $0.14 during mid-day trading on Friday, hitting $21.32. 19,381 shares of the company’s stock were exchanged, compared to its average volume of 53,105. Global X SuperDividend REIT ETF has a fifty-two week low of $18.90 and a fifty-two week high of $22.88. The company’s 50 day simple moving average is $20.41 and its 200-day simple moving average is $21.18. The firm has a market capitalization of $188.90 million, a P/E ratio of 15.40 and a beta of 1.29.

Global X SuperDividend REIT ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th were paid a dividend of $0.148 per share. The ex-dividend date was Wednesday, February 5th.

About Global X SuperDividend REIT ETF

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.