SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) Sees Large Increase in Short Interest

SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 28,684 shares, an increase of 175.5% from the July 30th total of 10,412 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 102,199 shares, the days-to-cover ratio is presently 0.3 days.

SPDR S&P Emerging Markets Dividend ETF Trading Down 0.3%

Shares of EDIV stock opened at $41.89 on Friday. The company’s fifty day moving average price is $41.61 and its 200-day moving average price is $41.25. The stock has a market cap of $1.23 billion, a PE ratio of 10.27 and a beta of 0.48. SPDR S&P Emerging Markets Dividend ETF has a 12 month low of $37.81 and a 12 month high of $43.49.

Institutional Investors Weigh In On SPDR S&P Emerging Markets Dividend ETF

Several hedge funds have recently bought and sold shares of EDIV. Cassia Capital Partners LLC raised its position in shares of SPDR S&P Emerging Markets Dividend ETF by 706.2% in the 1st quarter. Cassia Capital Partners LLC now owns 102,382 shares of the company’s stock worth $4,042,000 after purchasing an additional 89,682 shares during the last quarter. Keudell Morrison Wealth Management purchased a new stake in SPDR S&P Emerging Markets Dividend ETF during the 1st quarter valued at about $8,338,000. Northwestern Mutual Wealth Management Co. grew its position in SPDR S&P Emerging Markets Dividend ETF by 7.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 485,275 shares of the company’s stock valued at $18,998,000 after purchasing an additional 35,336 shares during the last quarter. Private Advisor Group LLC increased its stake in SPDR S&P Emerging Markets Dividend ETF by 162.6% during the 1st quarter. Private Advisor Group LLC now owns 32,982 shares of the company’s stock valued at $1,302,000 after purchasing an additional 20,421 shares in the last quarter. Finally, Three Cord True Wealth Management LLC increased its stake in SPDR S&P Emerging Markets Dividend ETF by 9.3% during the 4th quarter. Three Cord True Wealth Management LLC now owns 185,388 shares of the company’s stock valued at $7,258,000 after purchasing an additional 15,753 shares in the last quarter.

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.