SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) Short Interest Down 88.3% in May

SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 48,517 shares, a decline of 88.3% from the May 14th total of 413,440 shares. Based on an average trading volume of 88,665 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On SPDR S&P Emerging Markets Dividend ETF

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of 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 worth $69,385,000 after acquiring an additional 763,194 shares during the last quarter. Centaurus Financial Inc. grew its position in shares of SPDR S&P Emerging Markets Dividend ETF by 6.1% in the 1st quarter. Centaurus Financial Inc. now owns 207,668 shares of the company’s stock valued at $8,199,000 after purchasing an additional 11,898 shares during the period. Royal Bank of Canada boosted its holdings in SPDR S&P Emerging Markets Dividend ETF by 7.9% during the first quarter. Royal Bank of Canada now owns 386,601 shares of the company’s stock worth $15,263,000 after purchasing an additional 28,451 shares during the last quarter. Cetera Investment Advisers boosted its holdings in SPDR S&P Emerging Markets Dividend ETF by 3.9% during the first quarter. Cetera Investment Advisers now owns 1,523,559 shares of the company’s stock worth $60,150,000 after purchasing an additional 56,815 shares during the last quarter. Finally, Summit Global Investments boosted its holdings in SPDR S&P Emerging Markets Dividend ETF by 14.0% during the first quarter. Summit Global Investments now owns 71,161 shares of the company’s stock worth $2,809,000 after purchasing an additional 8,715 shares during the last quarter.

SPDR S&P Emerging Markets Dividend ETF Stock Performance

Shares of NYSEARCA EDIV traded up $0.96 during trading on Thursday, reaching $41.56. The company had a trading volume of 123,539 shares, compared to its average volume of 172,333. SPDR S&P Emerging Markets Dividend ETF has a 52 week low of $36.94 and a 52 week high of $43.49. The stock has a market cap of $1.24 billion, a PE ratio of 10.27 and a beta of 0.48. The business’s 50 day moving average price is $41.01 and its 200-day moving average price is $40.51.

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.