Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Stock Price Down 1.2% – Time to Sell?

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM)’s share price dropped 1.2% during trading on Friday . The company traded as low as $24.80 and last traded at $25.00. Approximately 33,886 shares traded hands during trading, an increase of 224% from the average daily volume of 10,459 shares. The stock had previously closed at $25.30.

Global X MSCI SuperDividend Emerging Markets ETF Trading Down 1.2 %

The stock has a market cap of $35 million, a price-to-earnings ratio of 6.89 and a beta of 0.77. The firm’s 50 day moving average is $24.80 and its two-hundred day moving average is $24.92.

Hedge Funds Weigh In On Global X MSCI SuperDividend Emerging Markets ETF

A hedge fund recently bought a new stake in Global X MSCI SuperDividend Emerging Markets ETF stock. Flow Traders U.S. LLC bought a new stake in Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,701 shares of the company’s stock, valued at approximately $311,000. Flow Traders U.S. LLC owned about 0.66% of Global X MSCI SuperDividend Emerging Markets ETF at the end of the most recent quarter.

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.