Global X SuperDividend ETF (NYSEARCA:SDIV) Short Interest Update

Global X SuperDividend ETF (NYSEARCA:SDIV) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,512,363 shares, a drop of 15.8% from the March 15th total of 1,795,608 shares. Approximately 3.1% of the company’s stock are short sold. Based on an average daily volume of 655,762 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. CWM LLC grew its holdings in shares of Global X SuperDividend ETF by 18.9% during the fourth quarter. CWM LLC now owns 2,641 shares of the exchange traded fund’s stock valued at $63,000 after buying an additional 420 shares during the last quarter. Kovack Advisors Inc. grew its holdings in shares of Global X SuperDividend ETF by 3.9% during the third quarter. Kovack Advisors Inc. now owns 16,164 shares of the exchange traded fund’s stock valued at $388,000 after buying an additional 602 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Global X SuperDividend ETF by 19.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,732 shares of the exchange traded fund’s stock valued at $90,000 after buying an additional 615 shares during the last quarter. Advyzon Investment Management LLC grew its holdings in shares of Global X SuperDividend ETF by 4.2% during the fourth quarter. Advyzon Investment Management LLC now owns 16,381 shares of the exchange traded fund’s stock valued at $394,000 after buying an additional 653 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC grew its holdings in shares of Global X SuperDividend ETF by 9.1% during the fourth quarter. Kingstone Capital Partners Texas LLC now owns 11,828 shares of the exchange traded fund’s stock valued at $284,000 after buying an additional 984 shares during the last quarter.

Global X SuperDividend ETF Stock Up 0.5%

NYSEARCA:SDIV traded up $0.13 during trading hours on Friday, reaching $26.14. The company had a trading volume of 471,427 shares, compared to its average volume of 733,247. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 8.00 and a beta of 0.76. The business’s 50-day simple moving average is $25.54 and its two-hundred day simple moving average is $24.72. Global X SuperDividend ETF has a twelve month low of $19.30 and a twelve month high of $26.44.

Global X SuperDividend ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, February 11th. Shareholders of record on Wednesday, February 4th were issued a $0.19 dividend. This represents a c) dividend on an annualized basis and a yield of 8.7%. The ex-dividend date was Wednesday, February 4th.

Global X SuperDividend ETF Company Profile

The Global X SuperDividend ETF (SDIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an equal-weighted index of 100 global securities with high yields. SDIV was launched on Jun 8, 2011 and is managed by Global X.