Short Interest in Dimensional Global Credit ETF (NASDAQ:DGCB) Decreases By 91.8%

Dimensional Global Credit ETF (NASDAQ:DGCB) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 11,422 shares, a decline of 91.8% from the June 30th total of 139,919 shares. Based on an average daily trading volume, of 133,681 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Dimensional Global Credit ETF Trading Up 0.3%

Shares of DGCB traded up $0.14 on Friday, reaching $53.23. 91,438 shares of the company’s stock were exchanged, compared to its average volume of 96,573. The business has a 50 day moving average price of $54.45 and a two-hundred day moving average price of $54.52. Dimensional Global Credit ETF has a 12 month low of $52.98 and a 12 month high of $56.03.

Dimensional Global Credit ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Tuesday, July 21st were issued a dividend of $0.6839 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 15.4%. This is a boost from Dimensional Global Credit ETF’s previous monthly dividend of $0.41.

Institutional Trading of Dimensional Global Credit ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC boosted its position in shares of Dimensional Global Credit ETF by 27.5% in the 4th quarter. CWM LLC now owns 988 shares of the company’s stock worth $54,000 after purchasing an additional 213 shares during the last quarter. Topsail Wealth Management LLC bought a new stake in Dimensional Global Credit ETF in the first quarter valued at about $55,000. Fifth Third Bancorp acquired a new position in Dimensional Global Credit ETF in the first quarter valued at about $86,000. Raymond James Financial Inc. acquired a new position in Dimensional Global Credit ETF in the second quarter valued at about $111,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Dimensional Global Credit ETF in the fourth quarter valued at about $132,000.

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.