Arrow Dow Jones Global Yield ETF (NYSE:GYLD – Get Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 54,686 shares, a drop of 37.3% from the August 15th total of 87,243 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average trading volume of 11,137 shares, the short-interest ratio is currently 4.9 days.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new position in Arrow Dow Jones Global Yield ETF in the second quarter worth approximately $132,000. NewEdge Advisors LLC purchased a new stake in Arrow Dow Jones Global Yield ETF in the 1st quarter valued at about $209,000. Finally, Sequent Planning LLC lifted its holdings in Arrow Dow Jones Global Yield ETF by 8.8% during the first quarter. Sequent Planning LLC now owns 16,268 shares of the company’s stock worth $224,000 after acquiring an additional 1,313 shares during the period.
Arrow Dow Jones Global Yield ETF Stock Down 0.6%
Shares of NYSE GYLD traded down $0.08 during midday trading on Wednesday, reaching $14.07. 1,068 shares of the company were exchanged, compared to its average volume of 16,400. Arrow Dow Jones Global Yield ETF has a one year low of $12.88 and a one year high of $14.69. The stock has a market cap of $28.28 million, a P/E ratio of 11.13 and a beta of 0.55. The stock’s 50-day moving average price is $14.37 and its 200-day moving average price is $14.18.
Arrow Dow Jones Global Yield ETF Cuts Dividend
About Arrow Dow Jones Global Yield ETF
The Arrow Dow Jones Global Yield ETF (GYLD) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index weighted equally between equities, sovereign debt, corporate debt, real estate and energy. The ETF seeks to invest in 150 securities and provide monthly distributions. GYLD was launched on May 8, 2012 and is managed by ArrowShares.
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