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

Dimensional Global Credit ETF (NASDAQ:DGCB) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 66,352 shares, a growth of 212.3% from the January 29th total of 21,248 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 79,009 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 79,009 shares, the short-interest ratio is presently 0.8 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Dimensional Global Credit ETF in the first quarter worth $201,000. Envestnet Asset Management Inc. increased its position in shares of Dimensional Global Credit ETF by 15.6% in the second quarter. Envestnet Asset Management Inc. now owns 592,144 shares of the company’s stock valued at $32,112,000 after acquiring an additional 79,771 shares during the period. Austin Private Wealth LLC raised its stake in shares of Dimensional Global Credit ETF by 22.9% during the second quarter. Austin Private Wealth LLC now owns 32,238 shares of the company’s stock valued at $1,748,000 after acquiring an additional 6,005 shares during the last quarter. Integrity Alliance LLC. boosted its holdings in shares of Dimensional Global Credit ETF by 10.0% during the second quarter. Integrity Alliance LLC. now owns 522,447 shares of the company’s stock worth $28,332,000 after purchasing an additional 47,367 shares during the period. Finally, Dravo Bay LLC grew its stake in shares of Dimensional Global Credit ETF by 1.3% in the second quarter. Dravo Bay LLC now owns 194,706 shares of the company’s stock worth $10,740,000 after purchasing an additional 2,492 shares during the last quarter.

Dimensional Global Credit ETF Stock Performance

NASDAQ:DGCB opened at $55.14 on Thursday. The business has a 50 day moving average of $54.60 and a 200 day moving average of $54.95. Dimensional Global Credit ETF has a 1-year low of $51.29 and a 1-year high of $56.03.

Dimensional Global Credit ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, December 16th were paid a $0.7043 dividend. This is a boost from Dimensional Global Credit ETF’s previous monthly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a c) dividend on an annualized basis and a dividend yield of 15.3%.

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.