Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Short Interest Down 21.5% in March

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 3,720 shares, a decrease of 21.5% from the March 15th total of 4,736 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 6,421 shares, the days-to-cover ratio is presently 0.6 days.

Global X MSCI SuperDividend Emerging Markets ETF Stock Down 0.7%

Shares of NYSEARCA:SDEM traded down $0.23 during midday trading on Thursday, hitting $33.65. The stock had a trading volume of 6,667 shares, compared to its average volume of 11,997. The company has a market cap of $49.13 million, a P/E ratio of 8.53 and a beta of 0.53. Global X MSCI SuperDividend Emerging Markets ETF has a 12 month low of $25.41 and a 12 month high of $34.15. The business’s 50-day simple moving average is $32.54 and its 200-day simple moving average is $30.88.

Global X MSCI SuperDividend Emerging Markets ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 11th. Shareholders of record on Wednesday, February 4th were paid a $0.1438 dividend. This is an increase from Global X MSCI SuperDividend Emerging Markets ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Wednesday, February 4th.

Global X MSCI SuperDividend Emerging Markets ETF Company Profile

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.