Dimensional Global Credit ETF (NASDAQ:DGCB) Sees Large Increase in Short Interest

Dimensional Global Credit ETF (NASDAQ:DGCB) was the target of a significant growth in short interest in 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 trading volume, of 51,700 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On Dimensional Global Credit ETF

Institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its holdings in Dimensional Global Credit ETF by 177.2% in the 2nd quarter. NewEdge Advisors LLC now owns 57,017 shares of the company’s stock valued at $3,003,000 after buying an additional 36,446 shares during the period. Truist Financial Corp grew its holdings in Dimensional Global Credit ETF by 16.5% in the second quarter. Truist Financial Corp now owns 39,569 shares of the company’s stock valued at $2,084,000 after purchasing an additional 5,604 shares during the period. EverSource Wealth Advisors LLC acquired a new position in Dimensional Global Credit ETF during the first quarter worth approximately $873,000. Strategic Investment Solutions Inc. IL purchased a new position in Dimensional Global Credit ETF during the second quarter worth approximately $1,548,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Dimensional Global Credit ETF by 112.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 242,641 shares of the company’s stock valued at $12,780,000 after purchasing an additional 128,427 shares during the last quarter.

Dimensional Global Credit ETF Stock Performance

Shares of NASDAQ DGCB opened at $53.56 on Friday. Dimensional Global Credit ETF has a 1 year low of $50.67 and a 1 year high of $55.16. The firm’s 50 day moving average price is $54.28 and its 200 day moving average price is $53.53.

Dimensional Global Credit ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 22nd were given a $0.2469 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.53%. This is an increase from Dimensional Global Credit ETF’s previous monthly dividend of $0.12.

Dimensional Global Credit ETF Company Profile

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.