Short Interest in Dimensional Global Credit ETF (NASDAQ:DGCB) Declines By 58.2%

Dimensional Global Credit ETF (NASDAQ:DGCB) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 69,635 shares, a decline of 58.2% from the May 14th total of 166,767 shares. Based on an average daily trading volume, of 80,476 shares, the short-interest ratio is presently 0.9 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Dimensional Global Credit ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC raised its position in shares of Dimensional Global Credit ETF by 27.5% during the fourth quarter. CWM LLC now owns 988 shares of the company’s stock worth $54,000 after purchasing an additional 213 shares during the period. Topsail Wealth Management LLC acquired a new stake in shares of Dimensional Global Credit ETF during the first quarter worth $55,000. Washington Trust Advisors Inc. acquired a new stake in shares of Dimensional Global Credit ETF during the third quarter worth $74,000. Fifth Third Bancorp acquired a new stake in shares of Dimensional Global Credit ETF during the first quarter worth $86,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Dimensional Global Credit ETF during the second quarter worth $111,000.

Dimensional Global Credit ETF Price Performance

DGCB opened at $54.91 on Friday. Dimensional Global Credit ETF has a one year low of $53.44 and a one year high of $56.03. The stock’s fifty day moving average is $54.56 and its 200-day moving average is $54.57.

Dimensional Global Credit ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, May 21st. Stockholders of record on Tuesday, May 19th were given a dividend of $0.2192 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

About Dimensional Global Credit ETF

The Dimensional Global Credit ETF (DGCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of debt securities of any credit quality that are maturing within 20 years. The fund aims to maximize total returns, while optimizing overall gains DGCB was launched on Nov 7, 2023 and is issued by Dimensional.