Dimensional Global Credit ETF (NASDAQ:DGCB) Short Interest Update

Dimensional Global Credit ETF (NASDAQ:DGCB) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 59,738 shares, a growth of 223.1% from the July 30th total of 18,490 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 83,936 shares, the short-interest ratio is currently 0.7 days.

Dimensional Global Credit ETF Price Performance

Shares of DGCB traded down $0.16 during midday trading on Friday, hitting $53.19. The company had a trading volume of 79,752 shares, compared to its average volume of 96,915. The company’s 50 day moving average price is $53.83 and its 200 day moving average price is $54.32. Dimensional Global Credit ETF has a 52 week low of $52.98 and a 52 week high of $56.03.

Dimensional Global Credit ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 20th. Shareholders of record on Tuesday, August 18th were issued a $0.1378 dividend. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, August 18th.

Hedge Funds Weigh In On Dimensional Global Credit ETF

Several hedge funds and other institutional investors have recently made changes to their positions in DGCB. CWM LLC grew its holdings in Dimensional Global Credit ETF by 27.5% during the fourth quarter. CWM LLC now owns 988 shares of the company’s stock worth $54,000 after acquiring an additional 213 shares during the period. Topsail Wealth Management LLC purchased a new stake in shares of Dimensional Global Credit ETF during the first quarter valued at $55,000. Fifth Third Bancorp acquired a new stake in Dimensional Global Credit ETF during the 1st quarter worth about $86,000. Raymond James Financial Inc. purchased a new position in shares of Dimensional Global Credit ETF in the second quarter worth approximately $111,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Dimensional Global Credit ETF in the fourth quarter worth approximately $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.