SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) Sees Large Decrease in Short Interest

SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 4,238 shares, a drop of 78.0% from the June 15th total of 19,267 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 252,383 shares, the days-to-cover ratio is presently 0.0 days.

SPDR S&P Emerging Markets Dividend ETF Stock Performance

Shares of NYSEARCA EDIV traded up $0.35 during trading on Friday, reaching $41.94. The company had a trading volume of 76,189 shares, compared to its average volume of 174,675. SPDR S&P Emerging Markets Dividend ETF has a 52 week low of $37.81 and a 52 week high of $43.49. The business’s 50 day moving average price is $41.28 and its 200-day moving average price is $40.86. The stock has a market cap of $1.25 billion, a PE ratio of 10.27 and a beta of 0.48.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC increased its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 1,501.9% in the 1st quarter. Jane Street Group LLC now owns 95,043 shares of the company’s stock valued at $3,393,000 after buying an additional 89,110 shares during the period. Creative Planning lifted its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 9.2% during the second quarter. Creative Planning now owns 8,287 shares of the company’s stock valued at $316,000 after acquiring an additional 700 shares during the period. Ameriprise Financial Inc. boosted its holdings in SPDR S&P Emerging Markets Dividend ETF by 81.1% in the second quarter. Ameriprise Financial Inc. now owns 85,521 shares of the company’s stock valued at $3,254,000 after acquiring an additional 38,298 shares during the last quarter. Bank of America Corp DE boosted its holdings in SPDR S&P Emerging Markets Dividend ETF by 97.9% in the second quarter. Bank of America Corp DE now owns 589,465 shares of the company’s stock valued at $22,470,000 after acquiring an additional 291,639 shares during the last quarter. Finally, MML Investors Services LLC increased its position in SPDR S&P Emerging Markets Dividend ETF by 78.6% in the second quarter. MML Investors Services LLC now owns 109,242 shares of the company’s stock worth $4,164,000 after purchasing an additional 48,061 shares during the period.

About SPDR S&P Emerging Markets Dividend ETF

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.