Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) Sees Large Increase in Short Interest

Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 913 shares, a growth of 700.9% from the August 15th total of 114 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,281 shares, the days-to-cover ratio is presently 0.4 days.

Global X S&P 500 Quality Dividend ETF Stock Up 0.5%

QDIV traded up $0.20 during trading on Friday, hitting $39.58. The company’s stock had a trading volume of 477 shares, compared to its average volume of 2,664. Global X S&P 500 Quality Dividend ETF has a one year low of $33.56 and a one year high of $41.30. The firm has a market cap of $30.08 million, a PE ratio of 15.17 and a beta of 0.67. The business’s 50 day simple moving average is $39.71 and its 200-day simple moving average is $37.94.

Hedge Funds Weigh In On Global X S&P 500 Quality Dividend ETF

A number of institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE purchased a new position in Global X S&P 500 Quality Dividend ETF during the second quarter valued at $53,000. Compound Planning Inc. increased its position in Global X S&P 500 Quality Dividend ETF by 4.6% in the fourth quarter. Compound Planning Inc. now owns 14,183 shares of the company’s stock worth $492,000 after buying an additional 630 shares in the last quarter. Susquehanna International Group LLP raised its stake in shares of Global X S&P 500 Quality Dividend ETF by 102.3% in the third quarter. Susquehanna International Group LLP now owns 15,810 shares of the company’s stock worth $556,000 after buying an additional 7,994 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Global X S&P 500 Quality Dividend ETF by 22.0% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,605 shares of the company’s stock worth $1,206,000 after buying an additional 6,420 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Global X S&P 500 Quality Dividend ETF during the 2nd quarter valued at about $1,257,000.

About Global X S&P 500 Quality Dividend ETF

The Global X S&P 500 Quality Dividend ETF (QDIV) is an exchange-traded fund that is based on the S&P 500 Quality High Dividend index. The fund tracks an index of equal-weighted US large-cap stocks selected from the S&P 500 Index based on quality and dividend metrics. QDIV was launched on Jul 13, 2018 and is managed by Global X.