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

SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 20,367 shares, a growth of 380.6% from the June 30th total of 4,238 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 119,838 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of SPDR S&P Emerging Markets Dividend ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. bought a new position in shares of SPDR S&P Emerging Markets Dividend ETF in the 4th quarter worth $25,000. Bogart Wealth LLC bought a new stake in SPDR S&P Emerging Markets Dividend ETF during the first quarter valued at about $39,000. Raleigh Capital Management Inc. purchased a new position in SPDR S&P Emerging Markets Dividend ETF in the fourth quarter valued at about $40,000. Commonwealth Retirement Investments LLC purchased a new position in SPDR S&P Emerging Markets Dividend ETF in the fourth quarter valued at about $43,000. Finally, Trust Co. of Vermont raised its holdings in SPDR S&P Emerging Markets Dividend ETF by 165.1% in the fourth quarter. Trust Co. of Vermont now owns 1,670 shares of the company’s stock worth $65,000 after purchasing an additional 1,040 shares in the last quarter.

SPDR S&P Emerging Markets Dividend ETF Trading Down 0.2%

Shares of EDIV traded down $0.07 during mid-day trading on Monday, hitting $41.47. The company’s stock had a trading volume of 29,690 shares, compared to its average volume of 168,976. The company’s 50-day moving average is $41.39 and its 200-day moving average is $41.07. SPDR S&P Emerging Markets Dividend ETF has a 52-week low of $37.81 and a 52-week high of $43.49. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 10.27 and a beta of 0.48.

About SPDR S&P Emerging Markets Dividend ETF

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.