Short Interest in Global X SuperDividend REIT ETF (NASDAQ:SRET) Decreases By 53.6%

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 3,200 shares, a decrease of 53.6% from the November 15th total of 6,900 shares. Based on an average daily trading volume, of 31,100 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Global X SuperDividend REIT ETF

Several hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC bought a new stake in shares of Global X SuperDividend REIT ETF during the 3rd quarter worth $222,000. MML Investors Services LLC purchased a new position in shares of Global X SuperDividend REIT ETF in the 3rd quarter worth about $279,000. Axiom Advisory LLC increased its position 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 Investment Advisers raised its holdings in shares of Global X SuperDividend REIT ETF by 33.4% during the 1st quarter. Cetera Investment Advisers now owns 79,756 shares of the company’s stock valued at $1,630,000 after buying an additional 19,952 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of 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.

Global X SuperDividend REIT ETF Stock Performance

NASDAQ SRET traded up $0.03 on Friday, hitting $20.76. The stock had a trading volume of 27,206 shares, compared to its average volume of 32,101. The company has a market capitalization of $213.83 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 firm has a 50-day moving average of $21.37 and a 200-day moving average of $21.17.

Global X SuperDividend REIT ETF Cuts Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.86 annualized dividend and a dividend yield of 8.96%.

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.