Dimensional Global Credit ETF (NASDAQ:DGCB – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 115,763 shares, an increase of 438.3% from the September 15th total of 21,507 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 153,796 shares, the days-to-cover ratio is currently 0.8 days.
Dimensional Global Credit ETF Stock Performance
NASDAQ DGCB opened at $52.20 on Friday. The stock’s 50-day simple moving average is $52.84 and its two-hundred day simple moving average is $53.84. Dimensional Global Credit ETF has a twelve month low of $51.73 and a twelve month high of $56.03.
Institutional Trading of Dimensional Global Credit ETF
A number of hedge funds have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Dimensional Global Credit ETF in the 2nd quarter valued at $489,853,000. Envestnet Asset Management Inc. raised its position in Dimensional Global Credit ETF by 24.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 819,826 shares of the company’s stock worth $44,820,000 after purchasing an additional 162,981 shares during the period. Allworth Financial LP raised its position in Dimensional Global Credit ETF by 40.4% in the 2nd quarter. Allworth Financial LP now owns 386,625 shares of the company’s stock worth $21,137,000 after purchasing an additional 111,202 shares during the period. AA Financial Advisors LLC bought a new stake in Dimensional Global Credit ETF in the first quarter worth $17,125,000. Finally, RFG Advisory LLC lifted its stake in Dimensional Global Credit ETF by 4.9% in the second quarter. RFG Advisory LLC now owns 285,441 shares of the company’s stock worth $15,605,000 after purchasing an additional 13,448 shares during the last quarter.
About Dimensional Global Credit ETF
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.
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