Short Interest in Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) Rises By 545.7%

Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 904 shares, a growth of 545.7% from the June 15th total of 140 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 13,012 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in QDIV. Bank of America Corp DE bought a new stake in Global X S&P 500 Quality Dividend ETF during the 2nd quarter valued at $53,000. Compound Planning Inc. grew its holdings in Global X S&P 500 Quality Dividend ETF by 4.6% in the 4th quarter. Compound Planning Inc. now owns 14,183 shares of the company’s stock worth $492,000 after acquiring an additional 630 shares during the last quarter. Susquehanna International Group LLP increased its position in shares of Global X S&P 500 Quality Dividend ETF by 102.3% in the third quarter. Susquehanna International Group LLP now owns 15,810 shares of the company’s stock valued at $556,000 after acquiring an additional 7,994 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Global X S&P 500 Quality Dividend ETF by 22.0% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,605 shares of the company’s stock valued at $1,206,000 after acquiring an additional 6,420 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Global X S&P 500 Quality Dividend ETF during the second quarter valued at about $1,257,000.

Global X S&P 500 Quality Dividend ETF Stock Performance

QDIV traded up $0.29 on Monday, hitting $38.30. 478 shares of the company were exchanged, compared to its average volume of 3,064. The firm has a fifty day simple moving average of $37.20 and a two-hundred day simple moving average of $36.91. The stock has a market capitalization of $29.49 million, a PE ratio of 15.17 and a beta of 0.67. Global X S&P 500 Quality Dividend ETF has a 12 month low of $33.38 and a 12 month high of $39.09.

Global X S&P 500 Quality Dividend ETF Company Profile

The Global X S&P 500 Quality Dividend ETF (QDIV) is an exchange-traded fund that is based on the S&P 500 Quality High Dividend index. The fund tracks an index of equal-weighted US large-cap stocks selected from the S&P 500 Index based on quality and dividend metrics. QDIV was launched on Jul 13, 2018 and is managed by Global X.