Short Interest in Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Grows By 102.4%

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,409 shares, an increase of 102.4% from the July 30th total of 1,190 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,058 shares, the days-to-cover ratio is currently 0.8 days.

Global X MSCI SuperDividend Emerging Markets ETF Stock Down 0.3%

NYSEARCA:SDEM opened at $33.45 on Friday. The firm has a market cap of $45.16 million, a P/E ratio of 8.53 and a beta of 0.51. Global X MSCI SuperDividend Emerging Markets ETF has a 52-week low of $27.08 and a 52-week high of $34.15. The business’s 50-day moving average price is $32.77 and its 200 day moving average price is $32.65.

Global X MSCI SuperDividend Emerging Markets ETF Company Profile

The Global X MSCI SuperDividend Emerging Markets ETF (SDEM) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund follows an equal-weighted index of emerging market countries. The index selects stocks by highest dividend yield, excluding those ranking low on price return. SDEM was launched on Mar 17, 2015 and is managed by Global X.