Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Sees Large Decline in Short Interest

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,190 shares, a decline of 66.1% from the July 15th total of 3,509 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 3,006 shares, the days-to-cover ratio is currently 0.4 days.

Global X MSCI SuperDividend Emerging Markets ETF Stock Down 0.5%

SDEM stock traded down $0.16 during trading on Friday, hitting $32.43. 2,181 shares of the company’s stock traded hands, compared to its average volume of 7,544. Global X MSCI SuperDividend Emerging Markets ETF has a 52 week low of $27.08 and a 52 week high of $34.15. The stock has a fifty day moving average price of $32.56 and a two-hundred day moving average price of $32.61. The stock has a market capitalization of $43.78 million, a price-to-earnings ratio of 8.53 and a beta of 0.51.

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.