Dimensional Global Credit ETF (NASDAQ:DGCB) Sees Large Increase in Short Interest

Dimensional Global Credit ETF (NASDAQ:DGCB) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 18,490 shares, an increase of 61.9% from the July 15th total of 11,422 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 122,261 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Dimensional Global Credit ETF

A number of hedge funds have recently modified their holdings of DGCB. Vestmark Advisory Solutions Inc. increased its holdings in Dimensional Global Credit ETF by 6.4% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,538,407 shares of the company’s stock valued at $83,440,000 after purchasing an additional 92,337 shares during the period. Integrity Advisory Solutions LLC lifted its holdings in Dimensional Global Credit ETF by 16.8% during the 4th quarter. Integrity Advisory Solutions LLC now owns 1,010,567 shares of the company’s stock worth $54,811,000 after buying an additional 145,062 shares during the period. Bank of America Corp DE lifted its holdings in Dimensional Global Credit ETF by 4.0% during the 3rd quarter. Bank of America Corp DE now owns 807,902 shares of the company’s stock worth $44,798,000 after buying an additional 31,097 shares during the period. Integrity Alliance LLC. grew its position in shares of Dimensional Global Credit ETF by 34.6% in the 4th quarter. Integrity Alliance LLC. now owns 785,250 shares of the company’s stock valued at $42,590,000 after buying an additional 201,801 shares during the last quarter. Finally, Tencap Wealth Coaching LLC bought a new stake in shares of Dimensional Global Credit ETF in the 4th quarter valued at about $23,464,000.

Dimensional Global Credit ETF Stock Performance

Shares of NASDAQ:DGCB traded down $0.11 during midday trading on Monday, hitting $53.32. 105,983 shares of the stock were exchanged, compared to its average volume of 97,427. The business’s 50-day moving average price is $54.12 and its 200 day moving average price is $54.42. Dimensional Global Credit ETF has a 12 month low of $52.98 and a 12 month high of $56.03.

Dimensional Global Credit ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Tuesday, July 21st were given a $0.6839 dividend. This is an increase from Dimensional Global Credit ETF’s previous monthly dividend of $0.41. The ex-dividend date was Tuesday, July 21st. This represents a c) annualized dividend and a yield of 15.4%.

Dimensional Global Credit ETF Company Profile

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.