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

Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 904 shares, an increase of 545.7% from the June 15th total of 140 shares. Based on an average daily volume of 13,012 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Global X S&P 500 Quality Dividend ETF Price Performance

Shares of QDIV traded up $0.39 during mid-day trading on Friday, reaching $38.01. The company had a trading volume of 4,169 shares, compared to its average volume of 3,084. The company has a market capitalization of $29.27 million, a P/E ratio of 15.17 and a beta of 0.67. Global X S&P 500 Quality Dividend ETF has a twelve month low of $33.38 and a twelve month high of $39.09. The company’s 50-day moving average is $37.20 and its 200-day moving average is $36.90.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Compound Planning Inc. raised its stake in shares of Global X S&P 500 Quality Dividend ETF by 2.8% in the first quarter. Compound Planning Inc. now owns 14,586 shares of the company’s stock valued at $536,000 after acquiring an additional 403 shares during the last quarter. Bank of America Corp DE bought a new stake in Global X S&P 500 Quality Dividend ETF during the 2nd quarter worth approximately $53,000. Harbour Investments Inc. increased its holdings in Global X S&P 500 Quality Dividend ETF by 8.0% during the 4th quarter. Harbour Investments Inc. now owns 68,528 shares of the company’s stock valued at $2,390,000 after purchasing an additional 5,095 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Global X S&P 500 Quality Dividend ETF by 22.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,605 shares of the company’s stock valued at $1,206,000 after purchasing an additional 6,420 shares in the last quarter. Finally, Susquehanna International Group LLP increased its holdings in Global X S&P 500 Quality Dividend ETF by 102.3% during the 3rd quarter. Susquehanna International Group LLP now owns 15,810 shares of the company’s stock valued at $556,000 after purchasing an additional 7,994 shares in the last quarter.

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.