Short Interest in Global X SuperDividend REIT ETF (NASDAQ:SRET) Declines By 84.5%

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 4,100 shares, a drop of 84.5% from the October 15th total of 26,500 shares. Based on an average trading volume of 26,100 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Global X SuperDividend REIT ETF

Large investors have recently modified their holdings of the stock. Axiom Advisory LLC boosted its stake in shares of Global X SuperDividend REIT ETF by 3.9% during 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 in the last quarter. Cetera Advisors LLC bought a new stake in shares of Global X SuperDividend REIT ETF during the 1st quarter worth $1,596,000. Cetera Investment Advisers boosted its stake in shares of Global X SuperDividend REIT ETF by 33.4% during 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 in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Global X SuperDividend REIT ETF by 28.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,040,000 shares of the company’s stock worth $20,738,000 after acquiring an additional 230,000 shares in the last quarter.

Global X SuperDividend REIT ETF Trading Up 0.0 %

SRET traded up $0.01 during trading hours on Tuesday, hitting $21.40. The company’s stock had a trading volume of 4,762 shares, compared to its average volume of 31,818. The company has a 50-day simple moving average of $21.96 and a 200 day simple moving average of $21.00. The firm has a market capitalization of $220.42 million, a PE ratio of 9.61 and a beta of 1.22. Global X SuperDividend REIT ETF has a fifty-two week low of $18.90 and a fifty-two week high of $22.88.

Global X SuperDividend REIT ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be paid a dividend of $0.155 per share. This represents a $1.86 dividend on an annualized basis and a yield of 8.69%. The ex-dividend date is Tuesday, November 5th.

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.