Dimensional Global Credit ETF (NASDAQ:DGCB) Stock Short Interest Falls 69.6%

Dimensional Global Credit ETF (NASDAQ:DGCB) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 35,207 shares, a decrease of 69.6% from the September 30th total of 115,763 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 144,794 shares, the short-interest ratio is presently 0.2 days.

Dimensional Global Credit ETF Trading Up 0.2%

NASDAQ DGCB opened at $52.46 on Wednesday. Dimensional Global Credit ETF has a fifty-two week low of $51.73 and a fifty-two week high of $55.61. The stock has a 50 day simple moving average of $52.57 and a two-hundred day simple moving average of $53.95.

Hedge Funds Weigh In On Dimensional Global Credit ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in DGCB. Envestnet Portfolio Solutions Inc. purchased a new stake in Dimensional Global Credit ETF in the second quarter worth $489,853,000. Envestnet Asset Management Inc. boosted its holdings in Dimensional Global Credit ETF by 24.8% in the second quarter. Envestnet Asset Management Inc. now owns 819,826 shares of the company’s stock valued at $44,820,000 after acquiring an additional 162,981 shares in the last quarter. Allworth Financial LP increased its position in Dimensional Global Credit ETF by 40.4% during the 2nd quarter. Allworth Financial LP now owns 386,625 shares of the company’s stock valued at $21,137,000 after purchasing an additional 111,202 shares during the period. RFG Advisory LLC increased its position in Dimensional Global Credit ETF by 4.9% during the 2nd quarter. RFG Advisory LLC now owns 285,441 shares of the company’s stock valued at $15,605,000 after purchasing an additional 13,448 shares during the period. Finally, Apella Capital LLC increased its position in Dimensional Global Credit ETF by 53.6% during the 3rd quarter. Apella Capital LLC now owns 251,933 shares of the company’s stock valued at $13,124,000 after purchasing an additional 87,868 shares during the period.

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.