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

SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 10,412 shares, a decline of 48.9% from the July 15th total of 20,367 shares. Based on an average trading volume of 114,319 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

SPDR S&P Emerging Markets Dividend ETF Price Performance

NYSEARCA EDIV traded down $0.06 on Friday, reaching $41.62. The company had a trading volume of 123,136 shares, compared to its average volume of 163,978. The business has a 50 day moving average of $41.50 and a two-hundred day moving average of $41.22. SPDR S&P Emerging Markets Dividend ETF has a fifty-two week low of $37.81 and a fifty-two week high of $43.49. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 10.27 and a beta of 0.48.

Hedge Funds Weigh In On SPDR S&P Emerging Markets Dividend ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Compass Financial Management LLC acquired a new stake in SPDR S&P Emerging Markets Dividend ETF during the 2nd quarter valued at approximately $108,000. Gradient Investments LLC acquired a new position in shares of SPDR S&P Emerging Markets Dividend ETF in the 2nd quarter worth approximately $205,000. First Heartland Consultants Inc. lifted its position in shares of SPDR S&P Emerging Markets Dividend ETF by 10.2% in the 2nd quarter. First Heartland Consultants Inc. now owns 78,382 shares of the company’s stock worth $3,210,000 after purchasing an additional 7,234 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 8.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 6,900 shares of the company’s stock valued at $283,000 after purchasing an additional 530 shares during the last quarter. Finally, RDA Financial Network boosted its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 4.6% in the 2nd quarter. RDA Financial Network now owns 42,567 shares of the company’s stock valued at $1,743,000 after purchasing an additional 1,877 shares during 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.