Short Interest in Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) Declines By 34.3%

Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 140 shares, a decline of 34.3% from the May 31st total of 213 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 817 shares, the days-to-cover ratio is currently 0.2 days.

Global X S&P 500 Quality Dividend ETF Stock Performance

Shares of QDIV stock opened at $38.24 on Friday. The firm has a fifty day moving average of $37.07 and a 200-day moving average of $36.80. The stock has a market cap of $29.44 million, a price-to-earnings ratio of 15.17 and a beta of 0.67. Global X S&P 500 Quality Dividend ETF has a 52-week low of $33.38 and a 52-week high of $39.09.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in QDIV. Harbour Investments Inc. lifted its stake in Global X S&P 500 Quality Dividend ETF by 8.0% during the fourth quarter. Harbour Investments Inc. now owns 68,528 shares of the company’s stock worth $2,390,000 after purchasing an additional 5,095 shares during the period. Jane Street Group LLC bought a new stake in shares of Global X S&P 500 Quality Dividend ETF in the 2nd quarter valued at approximately $1,257,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Global X S&P 500 Quality Dividend ETF by 22.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,605 shares of the company’s stock worth $1,206,000 after buying an additional 6,420 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of Global X S&P 500 Quality Dividend ETF by 102.3% in the 3rd quarter. Susquehanna International Group LLP now owns 15,810 shares of the company’s stock worth $556,000 after buying an additional 7,994 shares in the last quarter. Finally, Compound Planning Inc. raised its holdings in shares of Global X S&P 500 Quality Dividend ETF by 2.8% in the 1st quarter. Compound Planning Inc. now owns 14,586 shares of the company’s stock worth $536,000 after buying an additional 403 shares in the last quarter.

About Global X S&P 500 Quality Dividend ETF

The Global X S&P 500 Quality Dividend ETF (QDIV) is an exchange-traded fund that is based on the S&P 500 Quality High Dividend index. The fund tracks an index of equal-weighted US large-cap stocks selected from the S&P 500 Index based on quality and dividend metrics. QDIV was launched on Jul 13, 2018 and is managed by Global X.