abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) Sees Large Drop in Short Interest

abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 1,053 shares, a decrease of 68.4% from the June 30th total of 3,328 shares. Based on an average daily trading volume, of 9,201 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in abrdn Emerging Markets Dividend Active ETF stock. Bartlett & CO. Wealth Management LLC purchased a new position in shares of abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,157 shares of the company’s stock, valued at approximately $83,000.

abrdn Emerging Markets Dividend Active ETF Price Performance

Shares of NASDAQ AGEM opened at $46.43 on Friday. The stock has a market capitalization of $341.72 million, a price-to-earnings ratio of 13.90 and a beta of 1.00. The business has a 50-day moving average of $48.36 and a 200-day moving average of $44.92. abrdn Emerging Markets Dividend Active ETF has a fifty-two week low of $33.44 and a fifty-two week high of $51.50.

abrdn Emerging Markets Dividend Active ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.2716 per share. This represents a $1.09 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, June 23rd.

About abrdn Emerging Markets Dividend Active ETF

The abrdn Emerging Markets Dividend Active ETF (AGEM) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund actively invests in dividend paying companies from emerging markets, selected based on proprietary quality and fundamental factors. AGEM was launched on Feb 18, 2025 and is issued by Abrdn.