Arrow Dow Jones Global Yield ETF (NYSE:GYLD) Sees Large Decline in Short Interest

Arrow Dow Jones Global Yield ETF (NYSE:GYLD) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 26,664 shares, a drop of 54.9% from the September 30th total of 59,067 shares. Based on an average trading volume of 9,933 shares, the days-to-cover ratio is presently 2.7 days. Currently, 0.9% of the shares of the company are sold short.

Arrow Dow Jones Global Yield ETF Price Performance

Arrow Dow Jones Global Yield ETF stock traded down $0.04 during midday trading on Friday, hitting $13.27. The company’s stock had a trading volume of 1,843 shares, compared to its average volume of 15,805. The company has a market cap of $38.75 million, a price-to-earnings ratio of 11.13 and a beta of 0.57. Arrow Dow Jones Global Yield ETF has a 1-year low of $12.52 and a 1-year high of $14.81. The company has a 50-day moving average price of $13.80 and a two-hundred day moving average price of $14.01.

Arrow Dow Jones Global Yield ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 16th were issued a dividend of $0.0549 per share. This is a drop from Arrow Dow Jones Global Yield ETF’s previous monthly dividend of $0.0906. This represents a $0.66 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, October 16th.

Institutional Investors Weigh In On Arrow Dow Jones Global Yield ETF

An institutional investor recently bought a new position in Arrow Dow Jones Global Yield ETF stock. Integrated Wealth Concepts LLC bought a new position in shares of Arrow Dow Jones Global Yield ETF (NYSE:GYLD) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,260 shares of the company’s stock, valued at approximately $132,000. Integrated Wealth Concepts LLC owned approximately 0.35% of Arrow Dow Jones Global Yield ETF as of its most recent filing with the SEC.

About Arrow Dow Jones Global Yield ETF

The Arrow Dow Jones Global Yield ETF (GYLD) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index weighted equally between equities, sovereign debt, corporate debt, real estate and energy. The ETF seeks to invest in 150 securities and provide monthly distributions. GYLD was launched on May 8, 2012 and is managed by ArrowShares.