Short Interest in Global X SuperDividend REIT ETF (NASDAQ:SRET) Drops By 75.0%

Global X SuperDividend REIT ETF (NASDAQ:SRET) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 800 shares, a drop of 75.0% from the November 30th total of 3,200 shares. Based on an average trading volume of 33,000 shares, the short-interest ratio is currently 0.0 days.

Global X SuperDividend REIT ETF Price Performance

Shares of Global X SuperDividend REIT ETF stock traded down $0.13 during trading on Friday, reaching $20.07. 33,382 shares of the stock traded hands, compared to its average volume of 32,276. The company has a market capitalization of $206.72 million, a price-to-earnings ratio of 9.61 and a beta of 1.22. Global X SuperDividend REIT ETF has a 52-week low of $18.90 and a 52-week high of $22.88. The business has a fifty day simple moving average of $21.05 and a two-hundred day simple moving average of $21.21.

Global X SuperDividend REIT ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were paid a $0.155 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 9.27%. The ex-dividend date was Tuesday, November 5th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SRET. Daiwa Securities Group Inc. increased its position in Global X SuperDividend REIT ETF by 28.4% in the second quarter. Daiwa Securities Group Inc. now owns 1,040,000 shares of the company’s stock worth $20,738,000 after purchasing an additional 230,000 shares during the last quarter. Axiom Advisory LLC increased its holdings in shares of Global X SuperDividend REIT ETF by 3.9% in the 3rd quarter. Axiom Advisory LLC now owns 17,874 shares of the company’s stock worth $384,000 after buying an additional 668 shares during the last quarter. MML Investors Services LLC bought a new stake in shares of Global X SuperDividend REIT ETF in the 3rd quarter worth about $279,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Global X SuperDividend REIT ETF during the 3rd quarter valued at about $222,000.

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.