Arrow Dow Jones Global Yield ETF (NYSE:GYLD) Sees Large Decline in Short Interest

Arrow Dow Jones Global Yield ETF (NYSE:GYLD) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 26,664 shares, a decrease of 54.9% from the September 30th total of 59,067 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 9,933 shares, the short-interest ratio is currently 2.7 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Arrow Dow Jones Global Yield ETF stock. NewEdge Advisors LLC acquired a new stake in Arrow Dow Jones Global Yield ETF (NYSE:GYLD) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,178 shares of the company’s stock, valued at approximately $209,000. NewEdge Advisors LLC owned about 0.67% of Arrow Dow Jones Global Yield ETF at the end of the most recent reporting period.

Arrow Dow Jones Global Yield ETF Trading Down 0.3%

GYLD stock traded down $0.04 during mid-day trading on Friday, hitting $13.27. The stock had a trading volume of 1,843 shares, compared to its average volume of 15,805. Arrow Dow Jones Global Yield ETF has a 52 week low of $12.52 and a 52 week high of $14.81. The firm has a market capitalization of $38.75 million, a P/E ratio of 11.13 and a beta of 0.57. The firm has a fifty day simple moving average of $13.80 and a 200 day simple moving average of $14.01.

Arrow Dow Jones Global Yield ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, October 21st. Investors of record on Friday, October 16th were given a dividend of $0.0549 per share. The ex-dividend date was Friday, October 16th. This represents a $0.66 annualized dividend and a dividend yield of 5.0%. This is a negative change from Arrow Dow Jones Global Yield ETF’s previous monthly dividend of $0.0906.

About Arrow Dow Jones Global Yield ETF

The Arrow Dow Jones Global Yield ETF (GYLD) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index weighted equally between equities, sovereign debt, corporate debt, real estate and energy. The ETF seeks to invest in 150 securities and provide monthly distributions. GYLD was launched on May 8, 2012 and is managed by ArrowShares.