abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) Short Interest Down 78.9% in July

abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 222 shares, a decline of 78.9% from the July 15th total of 1,053 shares. Based on an average daily volume of 18,819 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

abrdn Emerging Markets Dividend Active ETF Stock Performance

AGEM stock traded up $0.23 during mid-day trading on Friday, reaching $49.07. The company had a trading volume of 289 shares, compared to its average volume of 23,264. The firm has a fifty day simple moving average of $48.12 and a 200 day simple moving average of $45.65. The company has a market capitalization of $361.16 million, a price-to-earnings ratio of 13.90 and a beta of 1.03. abrdn Emerging Markets Dividend Active ETF has a fifty-two week low of $34.70 and a fifty-two week high of $51.50.

abrdn Emerging Markets Dividend Active ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Tuesday, June 23rd were issued a $0.2716 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.09 annualized dividend and a yield of 2.2%.

abrdn Emerging Markets Dividend Active ETF Company Profile

The abrdn Emerging Markets Dividend Active ETF (AGEM) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund actively invests in dividend paying companies from emerging markets, selected based on proprietary quality and fundamental factors. AGEM was launched on Feb 18, 2025 and is issued by Abrdn.