Global X SuperDividend REIT ETF (NASDAQ:SRET) Sees Significant Decline in Short Interest

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 30,618 shares, a decline of 93.1% from the April 15th total of 443,222 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 42,665 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. LPL Financial LLC increased its stake in Global X SuperDividend REIT ETF by 9.5% in the 4th quarter. LPL Financial LLC now owns 471,040 shares of the company’s stock valued at $10,257,000 after buying an additional 40,743 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Global X SuperDividend REIT ETF by 12.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 366,561 shares of the company’s stock worth $7,932,000 after purchasing an additional 39,710 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in shares of Global X SuperDividend REIT ETF in the 4th quarter valued at approximately $5,319,000. Bank of America Corp DE increased its holdings in Global X SuperDividend REIT ETF by 120.5% during the third quarter. Bank of America Corp DE now owns 175,402 shares of the company’s stock worth $3,796,000 after buying an additional 95,851 shares during the last quarter. Finally, Sigma Planning Corp raised its position in Global X SuperDividend REIT ETF by 34.4% during the first quarter. Sigma Planning Corp now owns 50,709 shares of the company’s stock worth $1,075,000 after acquiring an additional 12,985 shares in the last quarter.

Global X SuperDividend REIT ETF Trading Down 0.6%

Shares of NASDAQ SRET traded down $0.14 during mid-day trading on Monday, reaching $22.65. 42,447 shares of the company’s stock were exchanged, compared to its average volume of 53,644. The business has a fifty day simple moving average of $22.05 and a 200 day simple moving average of $22.10. Global X SuperDividend REIT ETF has a twelve month low of $20.04 and a twelve month high of $23.09. The firm has a market capitalization of $236.47 million, a price-to-earnings ratio of 16.47 and a beta of 0.87.

Global X SuperDividend REIT ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 12th. Investors of record on Tuesday, May 5th will be issued a dividend of $0.153 per share. The ex-dividend date is Tuesday, May 5th. This is a boost from Global X SuperDividend REIT ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%.

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.