Dimensional Global Credit ETF (NASDAQ:DGCB) Short Interest Update

Dimensional Global Credit ETF (NASDAQ:DGCB) saw a large increase in short interest in July. As of July 15th, there was short interest totalling 102,600 shares, an increase of 44.3% from the June 30th total of 71,100 shares. Based on an average daily trading volume, of 45,200 shares, the days-to-cover ratio is presently 2.3 days.

Dimensional Global Credit ETF Stock Up 0.2 %

DGCB stock traded up $0.12 during midday trading on Monday, reaching $53.26. The company had a trading volume of 19,903 shares, compared to its average volume of 43,970. The company has a 50 day moving average of $52.82 and a two-hundred day moving average of $52.66. Dimensional Global Credit ETF has a 1 year low of $50.06 and a 1 year high of $53.46.

Dimensional Global Credit ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, July 18th. Stockholders of record on Tuesday, July 16th were issued a dividend of $0.2182 per share. The ex-dividend date was Tuesday, July 16th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 4.92%. This is an increase from Dimensional Global Credit ETF’s previous monthly dividend of $0.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vestmark Advisory Solutions Inc. bought a new position in shares of Dimensional Global Credit ETF during the 4th quarter valued at $45,452,000. DiNuzzo Private Wealth Inc. raised its holdings in shares of Dimensional Global Credit ETF by 0.7% during the 1st quarter. DiNuzzo Private Wealth Inc. now owns 314,628 shares of the company’s stock valued at $16,660,000 after purchasing an additional 2,245 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Dimensional Global Credit ETF by 298.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 114,214 shares of the company’s stock valued at $6,048,000 after purchasing an additional 85,536 shares in the last quarter. OLD Mission Capital LLC bought a new position in shares of Dimensional Global Credit ETF during the 1st quarter valued at $4,137,000. Finally, Mattern Wealth Management LLC grew its stake in Dimensional Global Credit ETF by 64.7% in the 2nd quarter. Mattern Wealth Management LLC now owns 76,626 shares of the company’s stock valued at $4,036,000 after buying an additional 30,092 shares during the last quarter.

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.