Global X SuperDividend ETF Sees Robust First-Day Volume
Global X, the New York-based ETF issuer with 35 ETFs on the market and $1.7 billion in assets under management, said its newest ETF, the Global X SuperDividend ETF (NYSE: SDIV) got off to a stellar start from a liquidity standpoint, trading nearly 321,000 shares, or almost $8 million in dollar terms, on its first day of trading last Thursday.
That's good enough to make SDIV, which holds 100 high-yielding stocks on an equal-weight basis, the third most traded ETF on the first day of trading out of 161 fund launches thus far for 2011, according to Global X.
SDIV is home to familiar names including Annaly Capital Management (NYSE: NLY), Prospect Capital (Nasdaq: PSEC), France Telecom (NYSE: FTE), Ares Capital (NYSE: ARCC) and Telefonica (NYSE: TEF).
"Global X Funds received the most innovative North American ETF company prize by both US and European institutions,” said Bruno del Ama, chief executive officer of Global X Funds, in a statement. “The Global X SuperDividend™ ETF may be our most innovative ETF to date and we are pleased to see investors embracing SDIV from day one.”
SDIV is the second ETF Global X has introduced this month and the eighth new fund the firm has rolled out since the start of May.
