Dimensional Global Credit ETF (NASDAQ:DGCB) Short Interest Up 28.5% in October

Dimensional Global Credit ETF (NASDAQ:DGCB) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 51,800 shares, a growth of 28.5% from the October 15th total of 40,300 shares. Based on an average daily volume of 51,700 shares, the short-interest ratio is currently 1.0 days.

Dimensional Global Credit ETF Trading Down 0.1 %

Shares of NASDAQ:DGCB traded down $0.07 during trading on Friday, reaching $53.47. 40,129 shares of the stock traded hands, compared to its average volume of 45,789. Dimensional Global Credit ETF has a 52-week low of $50.67 and a 52-week high of $55.16. The stock has a 50-day moving average of $54.30 and a two-hundred day moving average of $53.52.

Dimensional Global Credit ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 22nd were given a dividend of $0.2469 per share. The ex-dividend date was Tuesday, October 22nd. This is an increase from Dimensional Global Credit ETF’s previous monthly dividend of $0.12. This represents a $2.96 annualized dividend and a yield of 5.54%.

Institutional Investors Weigh In On Dimensional Global Credit ETF

A number of institutional investors have recently bought and sold shares of DGCB. CreativeOne Wealth LLC boosted its stake in Dimensional Global Credit ETF by 68.5% during the third quarter. CreativeOne Wealth LLC now owns 11,908 shares of the company’s stock valued at $653,000 after buying an additional 4,841 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in Dimensional Global Credit ETF by 33.2% in the third quarter. OneDigital Investment Advisors LLC now owns 107,692 shares of the company’s stock worth $5,906,000 after purchasing an additional 26,816 shares during the last quarter. Savvy Advisors Inc. raised its holdings in shares of Dimensional Global Credit ETF by 63.6% in the third quarter. Savvy Advisors Inc. now owns 6,397 shares of the company’s stock worth $351,000 after buying an additional 2,487 shares during the period. TRU Independence Asset Management 2 LLC purchased a new stake in Dimensional Global Credit ETF in the third quarter worth $1,464,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Dimensional Global Credit ETF by 70.5% during the third quarter. Farther Finance Advisors LLC now owns 6,306 shares of the company’s stock worth $346,000 after purchasing an additional 2,608 shares during the last quarter.

About Dimensional Global Credit ETF

The Dimensional Global Credit ETF (DGCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of debt securities of any credit quality that are maturing within 20 years. The fund aims to maximize total returns, while optimizing overall gains DGCB was launched on Nov 7, 2023 and is issued by Dimensional.