Global X SuperDividend REIT ETF (NASDAQ:SRET) Short Interest Down 43.0% in May

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 31,378 shares, a decline of 43.0% from the May 14th total of 55,004 shares. Based on an average daily trading volume, of 41,870 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the company’s stock are sold short.

Global X SuperDividend REIT ETF Price Performance

Shares of SRET stock opened at $22.42 on Friday. Global X SuperDividend REIT ETF has a 1-year low of $20.70 and a 1-year high of $23.09. The stock’s fifty day moving average price is $22.34 and its 200 day moving average price is $22.20. The company has a market cap of $234.06 million, a price-to-earnings ratio of 16.47 and a beta of 0.85.

Global X SuperDividend REIT ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 3rd were paid a dividend of $0.153 per share. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date was Wednesday, June 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SRET. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Global X SuperDividend REIT ETF by 9.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 326,851 shares of the company’s stock worth $6,916,000 after buying an additional 29,478 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Global X SuperDividend REIT ETF during the 2nd quarter worth $157,000. Bank of America Corp DE grew its stake in Global X SuperDividend REIT ETF by 0.8% during the 2nd quarter. Bank of America Corp DE now owns 79,551 shares of the company’s stock worth $1,683,000 after buying an additional 624 shares during the last quarter. Founders Financial Alliance LLC grew its stake in Global X SuperDividend REIT ETF by 23.9% during the 3rd quarter. Founders Financial Alliance LLC now owns 2,586 shares of the company’s stock worth $56,000 after buying an additional 499 shares during the last quarter. Finally, Advyzon Investment Management LLC grew its stake in Global X SuperDividend REIT ETF by 3.5% during the 3rd quarter. Advyzon Investment Management LLC now owns 16,310 shares of the company’s stock worth $353,000 after buying an additional 553 shares during the last quarter.

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.