Dimensional Global Credit ETF (NASDAQ:DGCB) Short Interest Update

Dimensional Global Credit ETF (NASDAQ:DGCB) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 59,738 shares, a growth of 223.1% from the July 30th total of 18,490 shares. Based on an average daily volume of 83,936 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s stock are sold short.

Dimensional Global Credit ETF Price Performance

Shares of DGCB remained flat at $53.36 during midday trading on Thursday. The stock had a trading volume of 25,744 shares, compared to its average volume of 96,789. The business has a 50-day simple moving average of $53.89 and a 200 day simple moving average of $54.34. Dimensional Global Credit ETF has a 52 week low of $52.98 and a 52 week high of $56.03.

Dimensional Global Credit ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, August 20th. Shareholders of record on Tuesday, August 18th were given a $0.1378 dividend. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, August 18th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Tencap Wealth Coaching LLC acquired a new position in Dimensional Global Credit ETF during the fourth quarter valued at approximately $23,464,000. AA Financial Advisors LLC bought a new position in shares of Dimensional Global Credit ETF in the first quarter valued at approximately $17,125,000. M Holdings Securities Inc. acquired a new stake in shares of Dimensional Global Credit ETF in the second quarter worth $12,884,000. Integrity Alliance LLC. boosted its holdings in shares of Dimensional Global Credit ETF by 34.6% during the 4th quarter. Integrity Alliance LLC. now owns 785,250 shares of the company’s stock worth $42,590,000 after buying an additional 201,801 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Dimensional Global Credit ETF during the 3rd quarter worth $8,852,000.

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.