Global X SuperDividend REIT ETF (NASDAQ:SRET) Sees Large Decline in Short Interest

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 6,980 shares, a drop of 77.8% from the May 31st total of 31,378 shares. Based on an average trading volume of 35,094 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SRET. LPL Financial LLC grew its stake in shares of Global X SuperDividend REIT ETF by 9.5% in the fourth quarter. LPL Financial LLC now owns 471,040 shares of the company’s stock worth $10,257,000 after purchasing an additional 40,743 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Global X SuperDividend REIT ETF by 107.4% during the first quarter. Bank of America Corp DE now owns 382,617 shares of the company’s stock valued at $8,111,000 after purchasing an additional 198,163 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Global X SuperDividend REIT ETF by 12.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 366,561 shares of the company’s stock worth $7,932,000 after purchasing an additional 39,710 shares during the period. D.A. Davidson & CO. acquired a new stake in Global X SuperDividend REIT ETF in the fourth quarter worth about $5,319,000. Finally, Sigma Planning Corp grew its position in Global X SuperDividend REIT ETF by 34.4% in the 1st quarter. Sigma Planning Corp now owns 50,709 shares of the company’s stock valued at $1,075,000 after buying an additional 12,985 shares in the last quarter.

Global X SuperDividend REIT ETF Stock Up 1.1%

Shares of NASDAQ:SRET opened at $22.71 on Friday. The company’s 50-day moving average price is $22.44 and its 200 day moving average price is $22.23. The company has a market cap of $237.09 million, a PE ratio of 16.47 and a beta of 0.85. Global X SuperDividend REIT ETF has a fifty-two week low of $20.72 and a fifty-two week high of $23.09.

Global X SuperDividend REIT ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 3rd were given a $0.153 dividend. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date was Wednesday, June 3rd.

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.