Global X MSCI SuperDividend EAFE ETF (NASDAQ:EFAS) Sees Significant Increase in Short Interest

Global X MSCI SuperDividend EAFE ETF (NASDAQ:EFAS) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 42,082 shares, a growth of 68.1% from the May 14th total of 25,039 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average trading volume of 11,806 shares, the short-interest ratio is presently 3.6 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Encompass More Asset Management bought a new position in Global X MSCI SuperDividend EAFE ETF in the 4th quarter valued at approximately $599,000. Crux Wealth Advisors bought a new position in Global X MSCI SuperDividend EAFE ETF in the 4th quarter valued at approximately $258,000. Jaffetilchin Investment Partners LLC bought a new position in Global X MSCI SuperDividend EAFE ETF in the 4th quarter valued at approximately $261,000. Orion Porfolio Solutions LLC raised its holdings in Global X MSCI SuperDividend EAFE ETF by 236.1% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 45,069 shares of the company’s stock valued at $852,000 after buying an additional 31,658 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in Global X MSCI SuperDividend EAFE ETF by 6.7% in the 4th quarter. Cetera Investment Advisers now owns 19,751 shares of the company’s stock valued at $383,000 after buying an additional 1,235 shares during the last quarter.

Global X MSCI SuperDividend EAFE ETF Price Performance

EFAS stock traded down $0.07 during midday trading on Monday, reaching $21.88. 11,395 shares of the stock were exchanged, compared to its average volume of 22,268. The company has a fifty day moving average price of $21.82 and a 200 day moving average price of $20.69. Global X MSCI SuperDividend EAFE ETF has a 52 week low of $17.72 and a 52 week high of $22.28. The stock has a market capitalization of $47.92 million, a PE ratio of 11.91 and a beta of 0.56.

Global X MSCI SuperDividend EAFE ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 3rd were issued a $0.09 dividend. This is a boost from Global X MSCI SuperDividend EAFE ETF’s previous dividend of $0.09. The ex-dividend date was Wednesday, June 3rd.

About Global X MSCI SuperDividend EAFE ETF

The Global X MSCI SuperDividend EAFE ETF (EFAS) is an exchange-traded fund that is based on the MSCI EAFE Top 50 Dividend index. The fund tracks an index of stocks from developed countries outside North America. After screening for dividend growth and sustainability, the 50 highest yielding stocks are selected and given equal weight. EFAS was launched on Nov 14, 2016 and is managed by Global X.