Global X SuperDividend REIT ETF (NASDAQ:SRET) Sees Significant Growth in Short Interest

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 46,028 shares, an increase of 323.0% from the October 15th total of 10,882 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 37,715 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On Global X SuperDividend REIT ETF

Several institutional investors and hedge funds have recently made changes to their positions in SRET. Latitude Advisors LLC acquired a new stake in Global X SuperDividend REIT ETF in the 3rd quarter valued at about $28,000. Farther Finance Advisors LLC increased its holdings in Global X SuperDividend REIT ETF by 896.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,261 shares of the company’s stock valued at $45,000 after acquiring an additional 2,034 shares in the last quarter. Fifth Third Bancorp purchased a new position in Global X SuperDividend REIT ETF during the 3rd quarter valued at about $96,000. Sei Investments Co. acquired a new position in Global X SuperDividend REIT ETF during the first quarter worth about $218,000. Finally, Sigma Planning Corp raised its position in Global X SuperDividend REIT ETF by 34.4% during the first quarter. Sigma Planning Corp now owns 50,709 shares of the company’s stock worth $1,075,000 after acquiring an additional 12,985 shares during the last quarter.

Global X SuperDividend REIT ETF Price Performance

Global X SuperDividend REIT ETF stock traded down $0.09 during trading hours on Friday, hitting $19.59. The stock had a trading volume of 15,687 shares, compared to its average volume of 45,678. The stock has a market capitalization of $195.30 million, a price-to-earnings ratio of 14.44 and a beta of 0.87. Global X SuperDividend REIT ETF has a 1-year low of $19.04 and a 1-year high of $23.48. The stock’s fifty day moving average is $20.22 and its two-hundred day moving average is $21.84.

Global X SuperDividend REIT ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, November 12th. Stockholders of record on Wednesday, November 4th were paid a dividend of $0.1850 per share. This represents a $2.22 annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend was Wednesday, November 4th.

Global X SuperDividend REIT ETF Company Profile

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.