Short Interest in Dimensional Global Credit ETF (NASDAQ:DGCB) Expands By 71.4%

Dimensional Global Credit ETF (NASDAQ:DGCB) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 9,600 shares, an increase of 71.4% from the January 31st total of 5,600 shares. Based on an average daily trading volume, of 71,900 shares, the days-to-cover ratio is currently 0.1 days.

Dimensional Global Credit ETF Stock Performance

Shares of NASDAQ DGCB traded up $0.04 during trading on Monday, reaching $53.64. 42,296 shares of the company traded hands, compared to its average volume of 79,092. The firm has a 50 day simple moving average of $52.78 and a 200-day simple moving average of $53.60. Dimensional Global Credit ETF has a 52-week low of $51.57 and a 52-week high of $55.16.

Dimensional Global Credit ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, February 21st. Shareholders of record on Wednesday, February 19th were given a $0.1859 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This is an increase from Dimensional Global Credit ETF’s previous dividend of $0.01.

Institutional Trading of Dimensional Global Credit ETF

Hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new position in shares of Dimensional Global Credit ETF during the 4th quarter worth $242,000. Symmetry Partners LLC purchased a new position in Dimensional Global Credit ETF during the fourth quarter valued at $283,000. IFP Advisors Inc lifted its position in Dimensional Global Credit ETF by 16.5% during the fourth quarter. IFP Advisors Inc now owns 5,838 shares of the company’s stock valued at $307,000 after purchasing an additional 827 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Dimensional Global Credit ETF by 70.5% during the third quarter. Farther Finance Advisors LLC now owns 6,306 shares of the company’s stock valued at $346,000 after purchasing an additional 2,608 shares during the period. Finally, Savvy Advisors Inc. increased its position in Dimensional Global Credit ETF by 63.6% in the third quarter. Savvy Advisors Inc. now owns 6,397 shares of the company’s stock worth $351,000 after buying an additional 2,487 shares in the last quarter.

Dimensional Global Credit ETF Company Profile

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.