Global X SuperDividend REIT ETF (NASDAQ:SRET) Short Interest Down 53.6% in November

Global X SuperDividend REIT ETF (NASDAQ:SRET) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 3,200 shares, a drop of 53.6% from the November 15th total of 6,900 shares. Based on an average daily volume of 31,100 shares, the days-to-cover ratio is presently 0.1 days.

Global X SuperDividend REIT ETF Stock Performance

SRET stock traded up $0.03 during trading on Friday, hitting $20.76. 27,206 shares of the company traded hands, compared to its average volume of 32,101. The company has a 50-day moving average of $21.37 and a 200-day moving average of $21.17. Global X SuperDividend REIT ETF has a 1 year low of $18.90 and a 1 year high of $22.88. The firm has a market capitalization of $213.83 million, a PE ratio of 9.61 and a beta of 1.22.

Global X SuperDividend REIT ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.155 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 8.96%. The ex-dividend date was Tuesday, November 5th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SRET. Daiwa Securities Group Inc. increased its stake in shares of Global X SuperDividend REIT ETF by 28.4% in the second quarter. Daiwa Securities Group Inc. now owns 1,040,000 shares of the company’s stock worth $20,738,000 after buying an additional 230,000 shares during the period. Cetera Investment Advisers grew its holdings in 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 worth $1,630,000 after acquiring an additional 19,952 shares during the last quarter. Axiom Advisory LLC grew its holdings in Global X SuperDividend REIT ETF by 3.9% in the 3rd quarter. Axiom Advisory LLC now owns 17,874 shares of the company’s stock worth $384,000 after acquiring an additional 668 shares during the last quarter. MML Investors Services LLC purchased a new position in shares of Global X SuperDividend REIT ETF in the third quarter valued at about $279,000. Finally, HighTower Advisors LLC bought a new position in shares of Global X SuperDividend REIT ETF during the third quarter valued at about $222,000.

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.