Dimensional Global Credit ETF (NASDAQ:DGCB) Sees Large Decline in Short Interest

Dimensional Global Credit ETF (NASDAQ:DGCB) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 35,207 shares, a drop of 69.6% from the September 30th total of 115,763 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 144,794 shares, the days-to-cover ratio is currently 0.2 days.

Dimensional Global Credit ETF Price Performance

DGCB stock traded up $0.08 during mid-day trading on Friday, reaching $52.61. 125,385 shares of the stock traded hands, compared to its average volume of 103,134. Dimensional Global Credit ETF has a 52-week low of $51.73 and a 52-week high of $55.38. The stock’s fifty day moving average is $52.54 and its 200-day moving average is $53.93.

Institutional Investors Weigh In On Dimensional Global Credit ETF

Several hedge funds have recently made changes to their positions in DGCB. Integrity Alliance LLC. acquired a new stake in Dimensional Global Credit ETF during the 3rd quarter worth about $47,101,000. Integrity Advisory Solutions LLC grew its stake in Dimensional Global Credit ETF by 8.0% during the 3rd quarter. Integrity Advisory Solutions LLC now owns 1,450,253 shares of the company’s stock valued at $75,278,000 after acquiring an additional 107,919 shares in the last quarter. Austin Asset Management Co Inc increased its holdings in shares of Dimensional Global Credit ETF by 150.9% in the 3rd quarter. Austin Asset Management Co Inc now owns 9,887 shares of the company’s stock valued at $513,000 after purchasing an additional 5,947 shares during the period. Wealth Advisors Northwest LLC increased its holdings in shares of Dimensional Global Credit ETF by 5.6% in the 3rd quarter. Wealth Advisors Northwest LLC now owns 403,654 shares of the company’s stock valued at $20,952,000 after purchasing an additional 21,363 shares during the period. Finally, Choreo LLC increased its holdings in shares of Dimensional Global Credit ETF by 11.1% in the 3rd quarter. Choreo LLC now owns 10,813 shares of the company’s stock valued at $561,000 after purchasing an additional 1,080 shares during the period.

About Dimensional Global Credit ETF

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.