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

Global X SuperDividend REIT ETF (NASDAQ:SRET) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 6,900 shares, an increase of 68.3% from the October 31st total of 4,100 shares. Based on an average daily trading volume, of 29,500 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Global X SuperDividend REIT ETF

Hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC bought a new stake in Global X SuperDividend REIT ETF during the third quarter worth $222,000. MML Investors Services LLC bought a new stake in shares of Global X SuperDividend REIT ETF in the third quarter valued at $279,000. Axiom Advisory LLC raised its stake in shares of Global X SuperDividend REIT ETF by 3.9% in the third quarter. Axiom Advisory LLC now owns 17,874 shares of the company’s stock valued at $384,000 after buying an additional 668 shares during the period. Cetera Advisors LLC bought a new stake in shares of Global X SuperDividend REIT ETF in the first quarter valued at $1,596,000. Finally, Cetera Investment Advisers raised its stake in shares of Global X SuperDividend REIT ETF by 33.4% in the first quarter. Cetera Investment Advisers now owns 79,756 shares of the company’s stock valued at $1,630,000 after buying an additional 19,952 shares during the period.

Global X SuperDividend REIT ETF Trading Up 0.1 %

Shares of NASDAQ:SRET traded up $0.03 during mid-day trading on Friday, hitting $21.47. 23,121 shares of the company traded hands, compared to its average volume of 32,065. The stock has a 50-day moving average price of $21.64 and a two-hundred day moving average price of $21.12. The stock has a market cap of $221.14 million, a P/E ratio of 9.61 and a beta of 1.22. Global X SuperDividend REIT ETF has a 12-month low of $18.90 and a 12-month high of $22.88.

Global X SuperDividend REIT ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.86 dividend on an annualized basis and a yield of 8.66%.

Global X SuperDividend REIT ETF Company Profile

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.