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

Global X SuperDividend REIT ETF (NASDAQ:SRET) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 6,900 shares, a growth of 68.3% from the October 31st total of 4,100 shares. Based on an average daily volume of 29,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Global X SuperDividend REIT ETF

Several hedge funds have recently modified their holdings of SRET. HighTower Advisors LLC bought a new position in Global X SuperDividend REIT ETF in the third quarter valued at about $222,000. MML Investors Services LLC bought a new position in Global X SuperDividend REIT ETF in the 3rd quarter valued at approximately $279,000. Axiom Advisory LLC boosted its position in Global X SuperDividend REIT ETF by 3.9% during 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 period. Cetera Advisors LLC bought a new stake in Global X SuperDividend REIT ETF during the 1st quarter worth approximately $1,596,000. Finally, Cetera Investment Advisers raised its stake in shares of Global X SuperDividend REIT ETF by 33.4% during the first quarter. Cetera Investment Advisers now owns 79,756 shares of the company’s stock valued at $1,630,000 after acquiring an additional 19,952 shares during the last quarter.

Global X SuperDividend REIT ETF Price Performance

SRET stock traded up $0.17 during trading on Thursday, reaching $21.44. 20,731 shares of the company were exchanged, compared to its average volume of 32,105. The company has a market capitalization of $220.83 million, a price-to-earnings ratio of 9.61 and a beta of 1.22. The company has a 50-day moving average of $21.69 and a two-hundred day moving average of $21.11. Global X SuperDividend REIT ETF has a twelve month low of $18.90 and a twelve month high of $22.88.

Global X SuperDividend REIT ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were paid a $0.155 dividend. This represents a $1.86 dividend on an annualized basis and a dividend yield of 8.68%. The ex-dividend date of this dividend was Tuesday, November 5th.

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.