Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Short Interest Up 102.4% in August

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,409 shares, an increase of 102.4% from the July 30th total of 1,190 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 3,058 shares, the days-to-cover ratio is currently 0.8 days.

Global X MSCI SuperDividend Emerging Markets ETF Stock Performance

Shares of NYSEARCA:SDEM opened at $33.45 on Friday. The company has a 50 day moving average price of $32.77 and a two-hundred day moving average price of $32.65. The company has a market capitalization of $45.16 million, a PE ratio of 8.53 and a beta of 0.51. Global X MSCI SuperDividend Emerging Markets ETF has a 52 week low of $27.08 and a 52 week high of $34.15.

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.