Short Interest in Global X SuperDividend U.S. ETF (NYSEARCA:DIV) Increases By 32.4%

Global X SuperDividend U.S. ETF (NYSEARCA:DIV) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 322,246 shares, an increase of 32.4% from the March 31st total of 243,426 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 310,286 shares, the days-to-cover ratio is currently 1.0 days.

Global X SuperDividend U.S. ETF Stock Performance

Shares of NYSEARCA:DIV traded down $0.04 during mid-day trading on Friday, hitting $19.49. 13,596 shares of the company traded hands, compared to its average volume of 320,486. The firm has a market cap of $748.81 million, a P/E ratio of 11.57 and a beta of 0.63. Global X SuperDividend U.S. ETF has a 52-week low of $16.84 and a 52-week high of $19.76. The firm’s 50 day simple moving average is $19.19 and its 200 day simple moving average is $18.28.

Institutional Investors Weigh In On Global X SuperDividend U.S. ETF

Several hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC raised its holdings in shares of Global X SuperDividend U.S. ETF by 426.9% during the 1st quarter. Private Advisor Group LLC now owns 89,830 shares of the company’s stock valued at $1,698,000 after buying an additional 72,780 shares during the period. Squire Investment Management Company LLC increased its holdings in Global X SuperDividend U.S. ETF by 28.3% during the 1st quarter. Squire Investment Management Company LLC now owns 20,200 shares of the company’s stock worth $382,000 after purchasing an additional 4,457 shares during the last quarter. World Investment Advisors purchased a new stake in Global X SuperDividend U.S. ETF during the 4th quarter worth approximately $315,000. Corient Private Wealth LLC purchased a new stake in Global X SuperDividend U.S. ETF during the 4th quarter worth approximately $208,000. Finally, Prostatis Group LLC purchased a new stake in Global X SuperDividend U.S. ETF during the 4th quarter worth approximately $175,000.

About Global X SuperDividend U.S. ETF

The Global X SuperDividend U.S. ETF (DIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an equally weighted index of 50 high-dividend, low-volatility securities. DIV was launched on Mar 11, 2013 and is managed by Global X.