Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Stock Price Up 0.9% – Here’s Why

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM)’s stock price rose 0.9% during trading on Friday . The stock traded as high as $24.49 and last traded at $24.39. Approximately 31,772 shares were traded during mid-day trading, an increase of 187% from the average daily volume of 11,061 shares. The stock had previously closed at $24.18.

Global X MSCI SuperDividend Emerging Markets ETF Stock Up 0.9 %

The company’s fifty day simple moving average is $24.31 and its two-hundred day simple moving average is $24.93. The company has a market capitalization of $43.41 million, a price-to-earnings ratio of 5.33 and a beta of 0.62.

Institutional Inflows and Outflows

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

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.