abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) Sees Large Drop in Short Interest

abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,053 shares, a drop of 68.4% from the June 30th total of 3,328 shares. Based on an average trading volume of 9,201 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in abrdn Emerging Markets Dividend Active ETF stock. Bartlett & CO. Wealth Management LLC acquired a new position in shares of abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,157 shares of the company’s stock, valued at approximately $83,000.

abrdn Emerging Markets Dividend Active ETF Trading Down 1.7%

Shares of NASDAQ AGEM opened at $46.43 on Friday. The firm has a market cap of $341.72 million, a PE ratio of 13.90 and a beta of 1.00. abrdn Emerging Markets Dividend Active ETF has a 1-year low of $33.44 and a 1-year high of $51.50. The company has a fifty day moving average price of $48.36 and a 200 day moving average price of $44.92.

abrdn Emerging Markets Dividend Active ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Tuesday, June 23rd were paid a $0.2716 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.09 annualized dividend and a dividend yield of 2.3%.

abrdn Emerging Markets Dividend Active ETF Company Profile

The abrdn Emerging Markets Dividend Active ETF (AGEM) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund actively invests in dividend paying companies from emerging markets, selected based on proprietary quality and fundamental factors. AGEM was launched on Feb 18, 2025 and is issued by Abrdn.