Global X SuperDividend REIT ETF (NASDAQ:SRET) Short Interest Down 75.0% in December

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

Hedge Funds Weigh In On Global X SuperDividend REIT ETF

A number of large investors have recently made changes to their positions in SRET. Daiwa Securities Group Inc. increased its position in Global X SuperDividend REIT ETF by 28.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,040,000 shares of the company’s stock valued at $20,738,000 after buying an additional 230,000 shares in the last quarter. Axiom Advisory LLC increased its holdings in shares of Global X SuperDividend REIT ETF by 3.9% during the third quarter. Axiom Advisory LLC now owns 17,874 shares of the company’s stock valued at $384,000 after acquiring an additional 668 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of Global X SuperDividend REIT ETF in the 3rd quarter valued at approximately $222,000. Finally, MML Investors Services LLC acquired a new stake in Global X SuperDividend REIT ETF in the 3rd quarter worth approximately $279,000.

Global X SuperDividend REIT ETF Stock Performance

NASDAQ:SRET opened at $20.20 on Friday. The company’s 50-day simple moving average is $21.09 and its 200-day simple moving average is $21.20. Global X SuperDividend REIT ETF has a fifty-two week low of $18.90 and a fifty-two week high of $22.88. The stock has a market capitalization of $208.06 million, a P/E ratio of 9.61 and a beta of 1.22.

Global X SuperDividend REIT ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were issued a $0.155 dividend. This represents a $1.86 annualized dividend and a yield of 9.21%. 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.