Dimensional Global Credit ETF (NASDAQ:DGCB) Short Interest Up 152.4% in September

Dimensional Global Credit ETF (NASDAQ:DGCB) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 26,000 shares, a growth of 152.4% from the September 15th total of 10,300 shares. Based on an average trading volume of 53,000 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Dimensional Global Credit ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Dimensional Global Credit ETF during the second quarter valued at about $139,000. CreativeOne Wealth LLC lifted its stake in Dimensional Global Credit ETF by 40.6% in the first quarter. CreativeOne Wealth LLC now owns 6,528 shares of the company’s stock worth $346,000 after acquiring an additional 1,885 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC purchased a new stake in shares of Dimensional Global Credit ETF in the 1st quarter valued at approximately $424,000. Park Avenue Securities LLC purchased a new position in Dimensional Global Credit ETF in the third quarter valued at $510,000. Finally, RFG Advisory LLC acquired a new stake in Dimensional Global Credit ETF in the first quarter valued at $651,000.

Dimensional Global Credit ETF Stock Performance

NASDAQ DGCB opened at $54.35 on Friday. The stock’s 50 day simple moving average is $54.38 and its 200-day simple moving average is $53.27. Dimensional Global Credit ETF has a 1-year low of $50.06 and a 1-year high of $55.16.

Dimensional Global Credit ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Tuesday, August 20th were paid a $0.122 dividend. This represents a $1.46 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Tuesday, August 20th.

About Dimensional Global Credit ETF

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.