Short Interest in Dimensional Global Credit ETF (NASDAQ:DGCB) Declines By 45.6%

Dimensional Global Credit ETF (NASDAQ:DGCB) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 37,848 shares, a decline of 45.6% from the May 31st total of 69,635 shares. Based on an average daily volume of 104,187 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of Dimensional Global Credit ETF

Several large investors have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC bought a new stake in Dimensional Global Credit ETF during the first quarter worth approximately $201,000. Cetera Investment Advisers acquired a new position in Dimensional Global Credit ETF in the 2nd quarter valued at $417,000. Sei Investments Co. acquired a new position in Dimensional Global Credit ETF in the 2nd quarter valued at $488,000. Raymond James Financial Inc. bought a new position in Dimensional Global Credit ETF in the 2nd quarter worth $111,000. Finally, Bank of America Corp DE raised its holdings in Dimensional Global Credit ETF by 11.4% in the 2nd quarter. Bank of America Corp DE now owns 776,805 shares of the company’s stock worth $42,126,000 after acquiring an additional 79,416 shares during the period.

Dimensional Global Credit ETF Trading Down 0.1%

Shares of NASDAQ DGCB traded down $0.06 during mid-day trading on Wednesday, hitting $54.61. 115,981 shares of the company traded hands, compared to its average volume of 92,799. Dimensional Global Credit ETF has a 1 year low of $53.44 and a 1 year high of $56.03. The business has a 50 day moving average of $54.63 and a two-hundred day moving average of $54.56.

Dimensional Global Credit ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 25th. Shareholders of record on Tuesday, June 23rd were given a $0.4092 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 9.0%.

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.