Short Interest in Global X SuperDividend REIT ETF (NASDAQ:SRET) Expands By 197.7%

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 13,100 shares, a growth of 197.7% from the June 30th total of 4,400 shares. Based on an average daily volume of 33,900 shares, the days-to-cover ratio is currently 0.4 days.

Global X SuperDividend REIT ETF Stock Performance

Global X SuperDividend REIT ETF stock traded up $0.23 during midday trading on Friday, reaching $21.48. 24,531 shares of the company were exchanged, compared to its average volume of 34,146. The firm’s 50-day simple moving average is $20.19 and its 200-day simple moving average is $20.16. The company has a market capitalization of $223.82 million, a price-to-earnings ratio of 9.61 and a beta of 1.22. Global X SuperDividend REIT ETF has a 1 year low of $18.06 and a 1 year high of $22.99.

Global X SuperDividend REIT ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, July 11th. Shareholders of record on Wednesday, July 3rd were paid a dividend of $0.145 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 8.10%. The ex-dividend date was Wednesday, July 3rd.

Hedge Funds Weigh In On Global X SuperDividend REIT ETF

Several institutional investors have recently added to or reduced their stakes in the business. Sykon Capital LLC purchased a new stake in Global X SuperDividend REIT ETF in the fourth quarter valued at approximately $203,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Global X SuperDividend REIT ETF during the 4th quarter valued at $224,000. Gladstone Institutional Advisory LLC purchased a new position in shares of Global X SuperDividend REIT ETF in the 4th quarter worth $231,000. Cetera Advisors LLC acquired a new position in Global X SuperDividend REIT ETF in the first quarter valued at $1,596,000. Finally, Cetera Investment Advisers lifted its stake in shares of Global X SuperDividend REIT ETF by 33.4% in the 1st quarter. Cetera Investment Advisers now owns 79,756 shares of the company’s stock valued at $1,630,000 after purchasing an additional 19,952 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.