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

The Global X SuperDividend REIT ETF (NASDAQ:SRET) has experienced a remarkable decrease in short interest during December. As of December 15th, the short interest saw a reduction of 75.0%, dropping to only 800 shares from 3,200 shares on November 30th. With an average daily trading volume of 33,000 shares, the current days-to-cover ratio stands at 0.0 days.

Changes in Hedge Fund Interest for SRET

Recently, several large investors have adjusted their holdings in the Global X SuperDividend REIT ETF. For instance, Daiwa Securities Group Inc. has ramped up its position by 28.4% in the second quarter, now holding 1,040,000 shares valued at $20,738,000 following an additional purchase of 230,000 shares. In the third quarter, Axiom Advisory LLC increased its stake by 3.9%, bringing their total to 17,874 shares worth approximately $384,000 after buying 668 shares. Additionally, HighTower Advisors LLC has acquired a new position in the ETF valued at around $222,000 and MML Investors Services LLC has also bought a new stake worth about $279,000 in the same quarter.

Performance of Global X SuperDividend REIT ETF Stock

On December 27th, the Global X SuperDividend REIT ETF opened at $20.20. The ETF's 50-day simple moving average is $21.09, with a 200-day simple moving average of $21.20. Over the past year, the stock has reached a low of $18.90 and a high of $22.88, boasting a market capitalization of $208.06 million, a P/E ratio of 9.61, and a beta of 1.22.

Changes in Dividend Payments

The ETF has also made recent adjustments to its dividend, declaring a monthly payment that was made on November 13th. Shareholders who were on record as of November 5th received a dividend of $0.155. This translates to an annualized dividend of $1.86, resulting in a yield of 9.21%. The ex-dividend date was also November 5th.

About Global X SuperDividend REIT ETF

The Global X SuperDividend REIT ETF (SRET) is an exchange-traded fund that aims to track the performance of the Solactive Global Superdividend REIT index. It focuses on an equal-weighted index comprised of 30 high-yield, low-volatility global REITs. Launched on March 17, 2015, the ETF is managed by Global X.

ETF, Stocks, Investment