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

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 12,652 shares, a decrease of 26.0% from the December 15th total of 17,091 shares. Based on an average daily volume of 8,492 shares, the short-interest ratio is presently 1.5 days. Currently, 0.9% of the company’s shares are sold short. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 8,492 shares, the short-interest ratio is presently 1.5 days.

Global X MSCI SuperDividend Emerging Markets ETF Price Performance

Shares of Global X MSCI SuperDividend Emerging Markets ETF stock traded down $0.10 on Friday, reaching $31.67. The company had a trading volume of 6,366 shares, compared to its average volume of 11,161. The firm has a market cap of $45.29 million, a price-to-earnings ratio of 8.53 and a beta of 0.62. The firm’s 50-day moving average price is $30.19 and its two-hundred day moving average price is $28.85. Global X MSCI SuperDividend Emerging Markets ETF has a 1 year low of $23.24 and a 1 year high of $31.79.

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.