Arrow Dow Jones Global Yield ETF (NYSE:GYLD – Get Free Report) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 26,664 shares, a decrease of 54.9% from the September 30th total of 59,067 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 9,933 shares, the days-to-cover ratio is presently 2.7 days.
Hedge Funds Weigh In On Arrow Dow Jones Global Yield ETF
A hedge fund recently bought a new stake in Arrow Dow Jones Global Yield ETF stock. NewEdge Advisors LLC purchased a new stake in shares of Arrow Dow Jones Global Yield ETF (NYSE:GYLD – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 15,178 shares of the company’s stock, valued at approximately $209,000. NewEdge Advisors LLC owned 0.67% of Arrow Dow Jones Global Yield ETF as of its most recent filing with the Securities and Exchange Commission.
Arrow Dow Jones Global Yield ETF Price Performance
Shares of NYSE GYLD traded down $0.04 during mid-day trading on Friday, hitting $13.27. The company had a trading volume of 1,843 shares, compared to its average volume of 15,805. Arrow Dow Jones Global Yield ETF has a 12 month low of $12.52 and a 12 month high of $14.81. The stock has a market cap of $38.75 million, a price-to-earnings ratio of 11.13 and a beta of 0.57. The firm’s 50 day simple moving average is $13.80 and its two-hundred day simple moving average is $14.01.
Arrow Dow Jones Global Yield ETF Cuts Dividend
The business also recently announced a monthly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 16th were paid a $0.0549 dividend. The ex-dividend date was Friday, October 16th. This is a negative change from Arrow Dow Jones Global Yield ETF’s previous monthly dividend of $0.0906. This represents a $0.66 dividend on an annualized basis and a yield of 5.0%.
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.
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