Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) Shares Shorted: Short Interest Up 95.5% in September

Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 1,785 shares, a growth of 95.5% from the August 31st total of 913 shares. Based on an average trading volume of 1,097 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Global X S&P 500 Quality Dividend ETF stock. Compound Planning Inc. increased its holdings in Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,586 shares of the company’s stock after purchasing an additional 403 shares during the period. Compound Planning Inc. owned 1.66% of Global X S&P 500 Quality Dividend ETF worth $536,000 as of its most recent SEC filing.

Global X S&P 500 Quality Dividend ETF Stock Performance

QDIV stock traded down $0.27 during trading on Wednesday, hitting $38.24. The stock had a trading volume of 408 shares, compared to its average volume of 2,563. The stock has a market cap of $28.68 million, a price-to-earnings ratio of 15.17 and a beta of 0.67. The company’s 50 day moving average price is $39.98 and its two-hundred day moving average price is $38.07. Global X S&P 500 Quality Dividend ETF has a 1-year low of $33.56 and a 1-year high of $41.30.

About Global X S&P 500 Quality Dividend ETF

The Global X S&P 500 Quality Dividend ETF (QDIV) is an exchange-traded fund that is based on the S&P 500 Quality High Dividend index. The fund tracks an index of equal-weighted US large-cap stocks selected from the S&P 500 Index based on quality and dividend metrics. QDIV was launched on Jul 13, 2018 and is managed by Global X.