SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) Sees Significant Drop in Short Interest

SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 4,238 shares, a decrease of 78.0% from the June 15th total of 19,267 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 252,383 shares, the short-interest ratio is currently 0.0 days.

SPDR S&P Emerging Markets Dividend ETF Price Performance

Shares of NYSEARCA:EDIV traded up $0.35 during midday trading on Friday, reaching $41.94. The company’s stock had a trading volume of 76,189 shares, compared to its average volume of 174,675. SPDR S&P Emerging Markets Dividend ETF has a fifty-two week low of $37.81 and a fifty-two week high of $43.49. The company has a market capitalization of $1.24 billion, a P/E ratio of 10.27 and a beta of 0.48. The business’s fifty day simple moving average is $41.28 and its 200-day simple moving average is $40.88.

Institutional Investors Weigh In On SPDR S&P Emerging Markets Dividend ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gradient Investments LLC acquired a new stake in shares of SPDR S&P Emerging Markets Dividend ETF in the 2nd quarter valued at $205,000. First Heartland Consultants Inc. boosted its position in shares of SPDR S&P Emerging Markets Dividend ETF by 10.2% in the 2nd quarter. First Heartland Consultants Inc. now owns 78,382 shares of the company’s stock worth $3,210,000 after purchasing an additional 7,234 shares during the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 8.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 6,900 shares of the company’s stock worth $283,000 after purchasing an additional 530 shares during the period. RDA Financial Network increased its holdings in SPDR S&P Emerging Markets Dividend ETF by 4.6% in the second quarter. RDA Financial Network now owns 42,567 shares of the company’s stock valued at $1,743,000 after purchasing an additional 1,877 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in SPDR S&P Emerging Markets Dividend ETF by 76.8% in the first quarter. Bank of America Corp DE now owns 1,757,472 shares of the company’s stock valued at $69,385,000 after purchasing an additional 763,194 shares during the last quarter.

SPDR S&P Emerging Markets Dividend ETF Company Profile

The SPDR S&P Emerging Markets Dividend ETF (EDIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a yield-weighted index of high-dividend-paying firms in emerging markets. The index screens for 3-year positive earnings growth and profitability. EDIV was launched on Feb 23, 2011 and is managed by State Street.