Dimensional Global Credit ETF (NASDAQ:DGCB) Short Interest Up 223.1% in August

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

Institutional Trading of Dimensional Global Credit ETF

A number of institutional investors have recently added to or reduced their stakes in DGCB. CWM LLC increased its holdings in Dimensional Global Credit ETF by 27.5% in the fourth quarter. CWM LLC now owns 988 shares of the company’s stock valued at $54,000 after buying an additional 213 shares in the last quarter. Topsail Wealth Management LLC purchased a new stake in shares of Dimensional Global Credit ETF during the 1st quarter worth approximately $55,000. Fifth Third Bancorp purchased a new stake in shares of Dimensional Global Credit ETF during the 1st quarter worth approximately $86,000. Raymond James Financial Inc. purchased a new stake in shares of Dimensional Global Credit ETF during the 2nd quarter worth approximately $111,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Dimensional Global Credit ETF in the 4th quarter worth approximately $132,000.

Dimensional Global Credit ETF Price Performance

Shares of NASDAQ DGCB traded down $0.15 during trading on Friday, hitting $53.20. 79,752 shares of the company were exchanged, compared to its average volume of 96,915. Dimensional Global Credit ETF has a 1 year low of $52.98 and a 1 year high of $56.03. The firm’s fifty day moving average price is $53.86 and its 200 day moving average price is $54.33.

Dimensional Global Credit ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, August 20th. Stockholders of record on Tuesday, August 18th were issued a $0.1378 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Tuesday, August 18th.

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.