Dimensional Global Credit ETF (NASDAQ:DGCB) Short Interest Up 61.9% in July

Dimensional Global Credit ETF (NASDAQ:DGCB) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 18,490 shares, a growth of 61.9% from the July 15th total of 11,422 shares. Based on an average daily volume of 122,261 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Dimensional Global Credit ETF Stock Performance

NASDAQ:DGCB traded down $0.12 on Tuesday, hitting $53.20. The stock had a trading volume of 84,205 shares, compared to its average volume of 97,311. The company has a fifty day moving average price of $54.10 and a two-hundred day moving average price of $54.41. Dimensional Global Credit ETF has a 1-year low of $52.98 and a 1-year high of $56.03.

Dimensional Global Credit ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, July 23rd. Investors of record on Tuesday, July 21st were issued a $0.6839 dividend. This is a boost from Dimensional Global Credit ETF’s previous monthly dividend of $0.41. This represents a c) dividend on an annualized basis and a yield of 15.4%. The ex-dividend date was Tuesday, July 21st.

Institutional Investors Weigh In On Dimensional Global Credit ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC acquired a new position in shares of Dimensional Global Credit ETF in the 1st quarter valued at $201,000. Cetera Investment Advisers purchased a new stake in Dimensional Global Credit ETF in the 2nd quarter valued at about $417,000. Sei Investments Co. purchased a new stake in Dimensional Global Credit ETF in the 2nd quarter valued at about $488,000. Raymond James Financial Inc. acquired a new position in Dimensional Global Credit ETF in the second quarter valued at about $111,000. Finally, Bank of America Corp DE lifted its position in Dimensional Global Credit ETF by 11.4% in the second quarter. Bank of America Corp DE now owns 776,805 shares of the company’s stock valued at $42,126,000 after buying an additional 79,416 shares during 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.