Arrow Dow Jones Global Yield ETF (NYSE:GYLD) Sees Large Decline in Short Interest

Arrow Dow Jones Global Yield ETF (NYSE:GYLD) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 54,686 shares, a decline of 37.3% from the August 15th total of 87,243 shares. Based on an average trading volume of 11,137 shares, the short-interest ratio is currently 4.9 days. Approximately 2.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Arrow Dow Jones Global Yield ETF

Hedge funds have recently added to or reduced their stakes in the stock. Sequent Planning LLC grew its stake in shares of Arrow Dow Jones Global Yield ETF by 8.8% in the first quarter. Sequent Planning LLC now owns 16,268 shares of the company’s stock worth $224,000 after acquiring an additional 1,313 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Arrow Dow Jones Global Yield ETF by 22.3% in the 2nd quarter. NewEdge Advisors LLC now owns 18,556 shares of the company’s stock worth $264,000 after purchasing an additional 3,378 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Arrow Dow Jones Global Yield ETF in the 2nd quarter worth about $132,000.

Arrow Dow Jones Global Yield ETF Stock Up 0.6%

Shares of NYSE GYLD traded up $0.09 on Thursday, reaching $14.20. 2,088 shares of the company’s stock traded hands, compared to its average volume of 16,349. The business’s 50 day simple moving average is $14.37 and its two-hundred day simple moving average is $14.18. Arrow Dow Jones Global Yield ETF has a 12 month low of $12.88 and a 12 month high of $14.69. The company has a market cap of $28.54 million, a price-to-earnings ratio of 11.13 and a beta of 0.55.

Arrow Dow Jones Global Yield ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 21st. Investors of record on Wednesday, September 16th will be given a dividend of $0.0906 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Wednesday, September 16th.

About Arrow Dow Jones Global Yield ETF

The Arrow Dow Jones Global Yield ETF (GYLD) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index weighted equally between equities, sovereign debt, corporate debt, real estate and energy. The ETF seeks to invest in 150 securities and provide monthly distributions. GYLD was launched on May 8, 2012 and is managed by ArrowShares.