SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) Short Interest Update

SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 413,440 shares, a growth of 246.7% from the April 30th total of 119,257 shares. Based on an average trading volume of 113,734 shares, the short-interest ratio is presently 3.6 days. Currently, 1.4% of the company’s stock are sold short.

Institutional Investors Weigh In On SPDR S&P Emerging Markets Dividend ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of EDIV. PNC Financial Services Group Inc. purchased a new stake in SPDR S&P Emerging Markets Dividend ETF during the fourth quarter valued at approximately $25,000. Bogart Wealth LLC purchased a new stake in SPDR S&P Emerging Markets Dividend ETF during the first quarter valued at approximately $39,000. Raleigh Capital Management Inc. purchased a new stake in SPDR S&P Emerging Markets Dividend ETF during the fourth quarter valued at approximately $40,000. Commonwealth Retirement Investments LLC purchased a new position in shares of SPDR S&P Emerging Markets Dividend ETF in the fourth quarter worth $43,000. Finally, Trust Co. of Vermont raised its holdings in shares of SPDR S&P Emerging Markets Dividend ETF by 165.1% in the fourth quarter. Trust Co. of Vermont now owns 1,670 shares of the company’s stock worth $65,000 after buying an additional 1,040 shares during the last quarter.

SPDR S&P Emerging Markets Dividend ETF Stock Performance

NYSEARCA:EDIV traded down $0.01 during midday trading on Friday, reaching $41.40. 45,907 shares of the stock traded hands, compared to its average volume of 177,977. SPDR S&P Emerging Markets Dividend ETF has a 12-month low of $36.94 and a 12-month high of $43.49. The business has a 50-day moving average of $40.61 and a two-hundred day moving average of $40.34. The stock has a market capitalization of $1.23 billion, a PE ratio of 10.27 and a beta of 0.48.

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.