abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) Shares Shorted: Short Interest Up 86.8% in October

abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 3,182 shares, an increase of 86.8% from the September 30th total of 1,703 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 12,428 shares, the days-to-cover ratio is presently 0.3 days.

abrdn Emerging Markets Dividend Active ETF Stock Down 2.9%

Shares of NASDAQ:AGEM opened at $44.42 on Friday. abrdn Emerging Markets Dividend Active ETF has a 52-week low of $36.29 and a 52-week high of $51.50. The stock has a market cap of $335.82 million, a price-to-earnings ratio of 13.90 and a beta of 1.04. The business has a 50-day moving average price of $48.22 and a 200-day moving average price of $46.17.

abrdn Emerging Markets Dividend Active ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Tuesday, September 22nd were issued a $0.5559 dividend. This is an increase from abrdn Emerging Markets Dividend Active ETF’s previous quarterly dividend of $0.2716. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $2.22 annualized dividend and a dividend yield of 5.0%.

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.