Dimensional Global Credit ETF (NASDAQ:DGCB) Sees Significant Growth in Short Interest

Dimensional Global Credit ETF (NASDAQ:DGCB – Get Free Report) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 139,919 shares, an increase of 269.7% from the June 15th total of 37,848 shares. Based on an average daily trading volume, of 213,860 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.7% of the shares of the company are short sold.

Institutional Investors Weigh In On Dimensional Global Credit ETF

Several large investors have recently added to or reduced their stakes in DGCB. Ashton Thomas Private Wealth LLC purchased a new stake in Dimensional Global Credit ETF during the first quarter valued at about $201,000. Cetera Investment Advisers bought a new stake in shares of Dimensional Global Credit ETF in the second quarter valued at approximately $417,000. Sei Investments Co. purchased a new stake in shares of Dimensional Global Credit ETF during the 2nd quarter valued at approximately $488,000. Raymond James Financial Inc. purchased a new stake in shares of Dimensional Global Credit ETF during the 2nd quarter valued at approximately $111,000. Finally, Bank of America Corp DE lifted its stake in shares of Dimensional Global Credit ETF by 11.4% during the 2nd quarter. Bank of America Corp DE now owns 776,805 shares of the company’s stock valued at $42,126,000 after buying an additional 79,416 shares in the last quarter.

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Dimensional Global Credit ETF Price Performance

Dimensional Global Credit ETF stock traded up $0.04 during trading on Tuesday, hitting $54.14. The stock had a trading volume of 34,530 shares, compared to its average volume of 95,339. Dimensional Global Credit ETF has a 1 year low of $53.44 and a 1 year high of $56.03. The stock’s 50 day moving average is $54.60 and its two-hundred day moving average is $54.56.

Dimensional Global Credit ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 25th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.4092 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Dimensional Global Credit ETF Company Profile

(Get Free Report)

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.

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