Arrow Dow Jones Global Yield ETF (NYSE:GYLD) Stock Short Interest Report for October

Arrow Dow Jones Global Yield ETF (NYSE:GYLD) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 26,664 shares, a drop of 54.9% from the September 30th total of 59,067 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 9,933 shares, the short-interest ratio is presently 2.7 days.

Institutional Trading of Arrow Dow Jones Global Yield ETF

An institutional investor recently bought a new position in Arrow Dow Jones Global Yield ETF stock. Integrated Wealth Concepts LLC acquired a new position in shares of Arrow Dow Jones Global Yield ETF (NYSE:GYLD) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 9,260 shares of the company’s stock, valued at approximately $132,000. Integrated Wealth Concepts LLC owned 0.35% of Arrow Dow Jones Global Yield ETF as of its most recent SEC filing.

Arrow Dow Jones Global Yield ETF Stock Down 0.3%

GYLD traded down $0.04 on Friday, reaching $13.27. 1,843 shares of the company traded hands, compared to its average volume of 15,805. The company has a market cap of $38.75 million, a P/E ratio of 11.13 and a beta of 0.57. Arrow Dow Jones Global Yield ETF has a one year low of $12.52 and a one year high of $14.81. The firm has a fifty day simple moving average of $13.80 and a two-hundred day simple moving average of $14.01.

Arrow Dow Jones Global Yield ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 16th were given a dividend of $0.0549 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.0%. This is a drop from Arrow Dow Jones Global Yield ETF’s previous monthly dividend of $0.0906. The ex-dividend date of this dividend was Friday, October 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.