Global X SuperDividend REIT ETF (NASDAQ:SRET) Stock Short Interest Drops 79.4%

Global X SuperDividend REIT ETF (NASDAQ:SRET) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 11,976 shares, a decrease of 79.4% from the August 31st total of 58,103 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 51,218 shares, the days-to-cover ratio is currently 0.2 days.

Global X SuperDividend REIT ETF Stock Up 0.0%

SRET traded up $0.01 during trading on Friday, hitting $20.31. 75,922 shares of the stock were exchanged, compared to its average volume of 44,864. Global X SuperDividend REIT ETF has a 1-year low of $20.11 and a 1-year high of $23.48. The stock has a fifty day moving average price of $22.05 and a two-hundred day moving average price of $22.17. The firm has a market capitalization of $213.66 million, a P/E ratio of 16.47 and a beta of 0.85.

Global X SuperDividend REIT ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 11th. Investors of record on Thursday, September 3rd were paid a $0.1850 dividend. This represents a $2.22 annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend was Thursday, September 3rd. This is an increase from Global X SuperDividend REIT ETF’s previous monthly dividend of $0.1822.

Institutional Investors Weigh In On Global X SuperDividend REIT ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. acquired a new stake in shares of Global X SuperDividend REIT ETF during the first quarter worth $218,000. M Holdings Securities Inc. purchased a new stake in Global X SuperDividend REIT ETF during the second quarter valued at about $782,000. Sigma Planning Corp increased its position in shares of Global X SuperDividend REIT ETF by 34.4% in 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. Finally, Bank of America Corp DE boosted its position in Global X SuperDividend REIT ETF by 107.4% during the 1st quarter. Bank of America Corp DE now owns 382,617 shares of the company’s stock worth $8,111,000 after purchasing an additional 198,163 shares during the period.

About Global X SuperDividend REIT ETF

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.