Short Interest in Dimensional Global Credit ETF (NASDAQ:DGCB) Decreases By 45.6%

Dimensional Global Credit ETF (NASDAQ:DGCB) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 37,848 shares, a decline of 45.6% from the May 31st total of 69,635 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 104,187 shares, the short-interest ratio is presently 0.4 days.

Dimensional Global Credit ETF Price Performance

Shares of NASDAQ DGCB traded down $0.01 during mid-day trading on Thursday, hitting $54.59. 59,877 shares of the company were exchanged, compared to its average volume of 93,504. The stock has a 50 day simple moving average of $54.63 and a 200-day simple moving average of $54.56. Dimensional Global Credit ETF has a 1-year low of $53.44 and a 1-year high of $56.03.

Dimensional Global Credit ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 25th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.4092 per share. The ex-dividend date was Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 9.0%.

Institutional Trading of Dimensional Global Credit ETF

Several hedge funds have recently made changes to their positions in DGCB. Clarity Capital Advisors LLC raised its holdings in Dimensional Global Credit ETF by 2.8% during the fourth quarter. Clarity Capital Advisors LLC now owns 6,616 shares of the company’s stock worth $359,000 after purchasing an additional 183 shares in the last quarter. CWM LLC boosted its holdings in Dimensional Global Credit ETF by 27.5% in the 4th quarter. CWM LLC now owns 988 shares of the company’s stock valued at $54,000 after purchasing an additional 213 shares in the last quarter. Silver Oak Securities Incorporated increased its position in Dimensional Global Credit ETF by 3.2% during the 1st quarter. Silver Oak Securities Incorporated now owns 8,507 shares of the company’s stock worth $461,000 after purchasing an additional 261 shares during the period. USAdvisors Wealth Management LLC increased its position in Dimensional Global Credit ETF by 4.1% during the 4th quarter. USAdvisors Wealth Management LLC now owns 6,857 shares of the company’s stock worth $371,000 after purchasing an additional 267 shares during the period. Finally, Excelsior Advisor Network LLC raised its stake in shares of Dimensional Global Credit ETF by 1.5% during the 1st quarter. Excelsior Advisor Network LLC now owns 25,250 shares of the company’s stock worth $1,367,000 after buying an additional 378 shares in the last quarter.

Dimensional Global Credit ETF Company Profile

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.