Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Sees Significant Decline in Short Interest
by Renee Jackson · The Cerbat GemGlobal X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM – Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 3,720 shares, a decrease of 21.5% from the March 15th total of 4,736 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,421 shares, the short-interest ratio is currently 0.6 days.
Global X MSCI SuperDividend Emerging Markets ETF Trading Up 0.7%
NYSEARCA SDEM traded up $0.23 on Friday, hitting $33.88. 3,109 shares of the company were exchanged, compared to its average volume of 11,874. The firm has a 50 day moving average of $32.57 and a two-hundred day moving average of $30.90. The company has a market cap of $49.46 million, a P/E ratio of 8.53 and a beta of 0.53. Global X MSCI SuperDividend Emerging Markets ETF has a 1-year low of $25.41 and a 1-year high of $34.15.
Global X MSCI SuperDividend Emerging Markets ETF Increases Dividend
The business also recently declared a monthly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, February 4th were given a dividend of $0.1438 per share. This is a positive change from Global X MSCI SuperDividend Emerging Markets ETF’s previous monthly dividend of $0.14. The ex-dividend date was Wednesday, February 4th. This represents a c) annualized dividend and a yield of 5.1%.
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.