Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Sees Significant Decline in Short Interest

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 115 shares, a decline of 95.2% from the August 15th total of 2,409 shares. Based on an average daily trading volume, of 4,069 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Global X MSCI SuperDividend Emerging Markets ETF Price Performance

SDEM traded down $0.05 on Friday, reaching $34.11. The company’s stock had a trading volume of 1,823 shares, compared to its average volume of 7,166. The stock has a market cap of $46.05 million, a price-to-earnings ratio of 8.53 and a beta of 0.50. The business’s 50 day moving average is $33.14 and its 200 day moving average is $32.71. Global X MSCI SuperDividend Emerging Markets ETF has a 1 year low of $27.08 and a 1 year high of $34.53.

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.