Global X SuperDividend REIT ETF (NASDAQ:SRET) Sees Large Decrease in Short Interest

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 7,212 shares, a decrease of 39.8% from the September 15th total of 11,976 shares. Based on an average daily trading volume, of 41,824 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Global X SuperDividend REIT ETF Trading Down 0.7%

Shares of NASDAQ SRET traded down $0.13 during midday trading on Friday, reaching $19.58. 46,104 shares of the company were exchanged, compared to its average volume of 45,948. The stock has a market cap of $199.52 million, a P/E ratio of 16.47 and a beta of 0.86. Global X SuperDividend REIT ETF has a 1 year low of $19.04 and a 1 year high of $23.48. The stock has a fifty day simple moving average of $21.09 and a 200 day simple moving average of $21.97.

Global X SuperDividend REIT ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 13th. Shareholders of record on Monday, October 5th were given a dividend of $0.1850 per share. This represents a $2.22 dividend on an annualized basis and a yield of 11.3%. The ex-dividend date of this dividend was Monday, October 5th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its position in Global X SuperDividend REIT ETF by 896.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,261 shares of the company’s stock worth $45,000 after buying an additional 2,034 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of Global X SuperDividend REIT ETF in the first quarter valued at about $218,000. M Holdings Securities Inc. purchased a new stake in shares of Global X SuperDividend REIT ETF in the second quarter valued at about $782,000. Sigma Planning Corp boosted its holdings in shares of Global X SuperDividend REIT ETF by 34.4% in the first quarter. Sigma Planning Corp now owns 50,709 shares of the company’s stock valued at $1,075,000 after acquiring an additional 12,985 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Global X SuperDividend REIT ETF by 107.4% in the first quarter. Bank of America Corp DE now owns 382,617 shares of the company’s stock valued at $8,111,000 after acquiring an additional 198,163 shares in the last quarter.

About Global X SuperDividend REIT ETF

The Global X SuperDividend REIT ETF (SRET) is an exchange-traded fund that is based on the Solactive Global Superdividend REIT index. The fund tracks an equal-weighted index of global REITs, choosing 30 high-yield, low-volatility companies. SRET was launched on Mar 17, 2015 and is managed by Global X.