Dimensional Global Credit ETF (NASDAQ:DGCB) Short Interest Up 135.1% in March

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

Institutional Trading of Dimensional Global Credit ETF

A number of institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of Dimensional Global Credit ETF by 12.9% during the 4th quarter. Bank of America Corp DE now owns 814,088 shares of the company’s stock worth $42,821,000 after purchasing an additional 93,150 shares in the last quarter. Master S Wealth Management Inc. bought a new position in Dimensional Global Credit ETF during the fourth quarter valued at approximately $3,981,000. Vantage Point Financial LLC acquired a new stake in Dimensional Global Credit ETF in the fourth quarter valued at approximately $3,863,000. Vestmark Advisory Solutions Inc. grew its position in Dimensional Global Credit ETF by 5.9% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,232,828 shares of the company’s stock worth $64,847,000 after acquiring an additional 68,659 shares in the last quarter. Finally, TRU Independence Asset Management 2 LLC grew its position in Dimensional Global Credit ETF by 253.9% in the fourth quarter. TRU Independence Asset Management 2 LLC now owns 94,481 shares of the company’s stock worth $4,970,000 after acquiring an additional 67,783 shares in the last quarter.

Dimensional Global Credit ETF Stock Up 0.4 %

Dimensional Global Credit ETF stock traded up $0.23 during trading hours on Friday, hitting $53.07. The company had a trading volume of 48,622 shares, compared to its average volume of 54,828. Dimensional Global Credit ETF has a fifty-two week low of $51.57 and a fifty-two week high of $55.16. The firm’s fifty day moving average is $53.03 and its 200-day moving average is $53.47.

Dimensional Global Credit ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were paid a $0.122 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Tuesday, March 25th.

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.