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

Global X SuperDividend REIT ETF (NASDAQ:SRET) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 6,900 shares, an increase of 68.3% from the October 31st total of 4,100 shares. Based on an average daily trading volume, of 29,500 shares, the short-interest ratio is presently 0.2 days.

Global X SuperDividend REIT ETF Stock Performance

NASDAQ:SRET traded up $0.03 during midday trading on Friday, reaching $21.47. 23,121 shares of the stock traded hands, compared to its average volume of 32,065. The business has a 50-day moving average of $21.64 and a two-hundred day moving average of $21.12. Global X SuperDividend REIT ETF has a 12-month low of $18.90 and a 12-month high of $22.88. The stock has a market capitalization of $221.14 million, a PE ratio of 9.61 and a beta of 1.22.

Global X SuperDividend REIT ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were given a dividend of $0.155 per share. This represents a $1.86 annualized dividend and a yield of 8.66%. The ex-dividend date was Tuesday, November 5th.

Institutional Investors Weigh In On Global X SuperDividend REIT ETF

Several institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its holdings in shares of Global X SuperDividend REIT ETF by 33.4% during the first quarter. Cetera Investment Advisers now owns 79,756 shares of the company’s stock valued at $1,630,000 after acquiring an additional 19,952 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of Global X SuperDividend REIT ETF during the first quarter valued at $1,596,000. Daiwa Securities Group Inc. increased its position in shares of Global X SuperDividend REIT ETF by 28.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,040,000 shares of the company’s stock valued at $20,738,000 after acquiring an additional 230,000 shares during the period. Axiom Advisory LLC raised its stake in Global X SuperDividend REIT ETF by 3.9% in the 3rd quarter. Axiom Advisory LLC now owns 17,874 shares of the company’s stock worth $384,000 after acquiring an additional 668 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new stake in Global X SuperDividend REIT ETF during the 3rd quarter worth about $222,000.

About Global X SuperDividend REIT ETF

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.