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

Dimensional Global Credit ETF (NASDAQ:DGCB) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 69,635 shares, a drop of 58.2% from the May 14th total of 166,767 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 80,476 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On Dimensional Global Credit ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Clarity Capital Advisors LLC boosted its stake in Dimensional Global Credit ETF by 2.8% during the 4th quarter. Clarity Capital Advisors LLC now owns 6,616 shares of the company’s stock valued at $359,000 after purchasing an additional 183 shares during the last quarter. CWM LLC boosted its stake in Dimensional Global Credit ETF by 27.5% during the 4th quarter. CWM LLC now owns 988 shares of the company’s stock valued at $54,000 after purchasing an additional 213 shares during the last quarter. Silver Oak Securities Incorporated boosted its stake in Dimensional Global Credit ETF by 3.2% during the 1st quarter. Silver Oak Securities Incorporated now owns 8,507 shares of the company’s stock valued at $461,000 after purchasing an additional 261 shares during the last quarter. USAdvisors Wealth Management LLC boosted its stake in Dimensional Global Credit ETF by 4.1% during the 4th quarter. USAdvisors Wealth Management LLC now owns 6,857 shares of the company’s stock valued at $371,000 after purchasing an additional 267 shares during the last quarter. Finally, Excelsior Advisor Network LLC boosted its stake in Dimensional Global Credit ETF by 1.5% during the 1st quarter. Excelsior Advisor Network LLC now owns 25,250 shares of the company’s stock valued at $1,367,000 after purchasing an additional 378 shares during the last quarter.

Dimensional Global Credit ETF Stock Performance

Shares of DGCB traded down $0.05 during trading hours on Friday, hitting $54.86. The stock had a trading volume of 45,243 shares, compared to its average volume of 81,774. The firm has a 50 day simple moving average of $54.57 and a 200-day simple moving average of $54.57. Dimensional Global Credit ETF has a 1-year low of $53.44 and a 1-year high of $56.03.

Dimensional Global Credit ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, May 21st. Stockholders of record on Tuesday, May 19th were paid a $0.2192 dividend. The ex-dividend date was Tuesday, May 19th. This represents a c) annualized dividend and a dividend yield of 4.8%.

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.