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

Global X SuperDividend REIT ETF (NASDAQ:SRET – Get Free Report) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 7,212 shares, a decrease of 39.8% from the September 15th total of 11,976 shares. Based on an average daily volume of 41,824 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Global X SuperDividend REIT ETF

Several institutional investors have recently added to or reduced their stakes in SRET. Farther Finance Advisors LLC boosted its stake in Global X SuperDividend REIT ETF by 896.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,261 shares of the company’s stock worth $45,000 after purchasing an additional 2,034 shares during the period. Sei Investments Co. acquired a new stake in shares of Global X SuperDividend REIT ETF in the 1st quarter valued at about $218,000. Sigma Planning Corp raised its stake in shares of Global X SuperDividend REIT ETF by 34.4% in the 1st quarter. Sigma Planning Corp now owns 50,709 shares of the company’s stock valued at $1,075,000 after purchasing an additional 12,985 shares during the period. M Holdings Securities Inc. bought a new stake in shares of Global X SuperDividend REIT ETF in the second quarter valued at about $782,000. Finally, Bank of America Corp DE lifted its holdings in shares of Global X SuperDividend REIT ETF by 107.4% in the first quarter. Bank of America Corp DE now owns 382,617 shares of the company’s stock valued at $8,111,000 after purchasing an additional 198,163 shares in the last quarter.

Global X SuperDividend REIT ETF Stock Performance

Shares of SRET opened at $19.58 on Friday. Global X SuperDividend REIT ETF has a twelve month low of $19.04 and a twelve month high of $23.48. The firm’s 50 day moving average price is $21.09 and its two-hundred day moving average price is $21.97. The firm has a market cap of $199.52 million, a P/E ratio of 16.47 and a beta of 0.86.

Global X SuperDividend REIT ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 13th. Investors of record on Monday, October 5th were issued a dividend of $0.1850 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date was Monday, October 5th.

About Global X SuperDividend REIT ETF

(Get Free Report)

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.

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