Short Interest in Dimensional Global Credit ETF (NASDAQ:DGCB) Rises By 135.1%

Dimensional Global Credit ETF (NASDAQ:DGCB) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 18,100 shares, a growth of 135.1% from the February 28th total of 7,700 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 69,500 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Dimensional Global Credit ETF

Several hedge funds and other institutional investors have recently bought and sold shares of DGCB. Park Avenue Securities LLC grew its stake in shares of Dimensional Global Credit ETF by 95.0% in the 4th quarter. Park Avenue Securities LLC now owns 18,144 shares of the company’s stock worth $954,000 after purchasing an additional 8,838 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in Dimensional Global Credit ETF by 53.8% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 132,836 shares of the company’s stock worth $6,987,000 after buying an additional 46,494 shares in the last quarter. Aspire Private Capital LLC grew its position in Dimensional Global Credit ETF by 1.8% in the fourth quarter. Aspire Private Capital LLC now owns 12,775 shares of the company’s stock worth $672,000 after buying an additional 232 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in shares of Dimensional Global Credit ETF by 68.5% in the third quarter. CreativeOne Wealth LLC now owns 11,908 shares of the company’s stock valued at $653,000 after buying an additional 4,841 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in shares of Dimensional Global Credit ETF during the 4th quarter valued at $361,000.

Dimensional Global Credit ETF Stock Up 0.4 %

Shares of NASDAQ DGCB opened at $53.07 on Friday. Dimensional Global Credit ETF has a 1 year low of $51.57 and a 1 year high of $55.16. The stock has a fifty day moving average price of $53.04 and a two-hundred day moving average price of $53.45.

Dimensional Global Credit ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were issued a dividend of $0.122 per share. This represents a $1.46 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Tuesday, March 25th.

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.