Short Interest in Global X SuperDividend REIT ETF (NASDAQ:SRET) Drops By 84.5%

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 4,100 shares, a drop of 84.5% from the October 15th total of 26,500 shares. Based on an average trading volume of 26,100 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SRET. Axiom Advisory LLC grew its holdings in shares of 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 valued at $384,000 after purchasing an additional 668 shares during the last quarter. Cetera Advisors LLC acquired a new stake in Global X SuperDividend REIT ETF in the first quarter valued at approximately $1,596,000. Cetera Investment Advisers grew 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 worth $1,630,000 after buying an additional 19,952 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Global X SuperDividend REIT ETF by 28.4% during the second quarter. Daiwa Securities Group Inc. now owns 1,040,000 shares of the company’s stock worth $20,738,000 after buying an additional 230,000 shares in the last quarter.

Global X SuperDividend REIT ETF Stock Up 0.0 %

Shares of SRET stock traded up $0.01 during trading hours on Tuesday, reaching $21.40. The company’s stock had a trading volume of 4,762 shares, compared to its average volume of 31,818. Global X SuperDividend REIT ETF has a fifty-two week low of $18.90 and a fifty-two week high of $22.88. The firm’s 50 day simple moving average is $21.96 and its 200-day simple moving average is $21.00. The company has a market capitalization of $220.42 million, a price-to-earnings ratio of 9.61 and a beta of 1.22.

Global X SuperDividend REIT ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be given a $0.155 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 8.69%. The ex-dividend date is Tuesday, November 5th.

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.