Short Interest in Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Drops By 21.5%

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) was the target of a large decline in short interest in March. As of March 31st, there was short interest totaling 3,720 shares, a decline of 21.5% from the March 15th total of 4,736 shares. Based on an average daily volume of 6,421 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Global X MSCI SuperDividend Emerging Markets ETF Stock Down 0.7%

Shares of SDEM traded down $0.23 on Thursday, hitting $33.65. The company’s stock had a trading volume of 6,667 shares, compared to its average volume of 11,997. The firm’s fifty day moving average price is $32.54 and its 200-day moving average price is $30.88. Global X MSCI SuperDividend Emerging Markets ETF has a fifty-two week low of $25.41 and a fifty-two week high of $34.15. The firm has a market capitalization of $49.13 million, a price-to-earnings ratio of 8.53 and a beta of 0.53.

Global X MSCI SuperDividend Emerging Markets ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 11th. Stockholders 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. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Wednesday, February 4th.

About Global X MSCI SuperDividend Emerging Markets ETF

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.