SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) Short Interest Down 37.8% in April

SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 119,257 shares, a decrease of 37.8% from the April 15th total of 191,642 shares. Based on an average daily trading volume, of 114,604 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Trading of SPDR S&P Emerging Markets Dividend ETF

A number of hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new position in shares of SPDR S&P Emerging Markets Dividend ETF in the fourth quarter worth about $25,000. Bogart Wealth LLC acquired a new stake in shares of SPDR S&P Emerging Markets Dividend ETF during the 1st quarter valued at about $39,000. Raleigh Capital Management Inc. purchased a new position in shares of SPDR S&P Emerging Markets Dividend ETF in the 4th quarter valued at about $40,000. Commonwealth Retirement Investments LLC acquired a new position in SPDR S&P Emerging Markets Dividend ETF in the 4th quarter worth about $43,000. Finally, Trust Co. of Vermont raised its holdings in SPDR S&P Emerging Markets Dividend ETF by 165.1% in the 4th quarter. Trust Co. of Vermont now owns 1,670 shares of the company’s stock worth $65,000 after purchasing an additional 1,040 shares during the period.

SPDR S&P Emerging Markets Dividend ETF Price Performance

EDIV stock traded down $0.69 during trading on Friday, hitting $40.81. 87,453 shares of the company traded hands, compared to its average volume of 186,972. SPDR S&P Emerging Markets Dividend ETF has a 1 year low of $36.94 and a 1 year high of $43.49. The company has a market cap of $1.22 billion, a PE ratio of 10.27 and a beta of 0.48. The stock’s 50-day simple moving average is $40.42 and its 200 day simple moving average is $40.18.

SPDR S&P Emerging Markets Dividend ETF Company Profile

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.