Short Interest in Global X SuperDividend REIT ETF (NASDAQ:SRET) Declines By 75.0%

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 800 shares, a drop of 75.0% from the November 30th total of 3,200 shares. Based on an average daily trading volume, of 33,000 shares, the days-to-cover ratio is currently 0.0 days.

Global X SuperDividend REIT ETF Trading Down 0.4 %

Shares of SRET stock traded down $0.08 during trading hours on Thursday, reaching $20.23. The company’s stock had a trading volume of 17,490 shares, compared to its average volume of 32,178. The firm’s fifty day simple moving average is $21.12 and its 200 day simple moving average is $21.20. Global X SuperDividend REIT ETF has a one year low of $18.90 and a one year high of $22.88. The stock has a market capitalization of $208.37 million, a P/E ratio of 9.61 and a beta of 1.22.

Global X SuperDividend REIT ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were paid a $0.155 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 9.19%. The ex-dividend date was Tuesday, November 5th.

Institutional Trading of Global X SuperDividend REIT ETF

Hedge funds have recently modified their holdings of the business. HighTower Advisors LLC purchased a new stake in shares of Global X SuperDividend REIT ETF in the 3rd quarter worth approximately $222,000. MML Investors Services LLC bought a new stake in shares of Global X SuperDividend REIT ETF during the third quarter valued at approximately $279,000. Axiom Advisory LLC raised 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. Finally, Daiwa Securities Group Inc. lifted its position in Global X SuperDividend REIT ETF by 28.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,040,000 shares of the company’s stock valued at $20,738,000 after acquiring an additional 230,000 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.