abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) Sees Large Decline in Short Interest

abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 298 shares, a decline of 75.4% from the April 15th total of 1,213 shares. Based on an average daily volume of 5,687 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

abrdn Emerging Markets Dividend Active ETF Price Performance

AGEM traded up $0.60 on Wednesday, hitting $48.41. The company had a trading volume of 6,410 shares, compared to its average volume of 27,928. The company’s fifty day moving average price is $43.28 and its 200 day moving average price is $41.11. abrdn Emerging Markets Dividend Active ETF has a 1-year low of $29.19 and a 1-year high of $49.52. The stock has a market cap of $344.20 million, a price-to-earnings ratio of 13.90 and a beta of 1.00.

abrdn Emerging Markets Dividend Active ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Tuesday, March 24th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, March 24th.

Institutional Investors Weigh In On abrdn Emerging Markets Dividend Active ETF

An institutional investor recently bought a new position in abrdn Emerging Markets Dividend Active ETF stock. Bartlett & CO. Wealth Management LLC bought a new position in abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,157 shares of the company’s stock, valued at approximately $83,000.

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.