SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV – Get Free Report) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 48,517 shares, a decline of 88.3% from the May 14th total of 413,440 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 88,665 shares, the days-to-cover ratio is currently 0.5 days.
SPDR S&P Emerging Markets Dividend ETF Stock Up 0.7%
EDIV stock traded up $0.27 during midday trading on Tuesday, reaching $40.78. 81,409 shares of the company’s stock traded hands, compared to its average volume of 173,581. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 10.27 and a beta of 0.48. The firm’s fifty day moving average price is $40.89 and its 200-day moving average price is $40.46. SPDR S&P Emerging Markets Dividend ETF has a 52 week low of $36.94 and a 52 week high of $43.49.
Institutional Trading of SPDR S&P Emerging Markets Dividend ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. bought a new stake in SPDR S&P Emerging Markets Dividend ETF during the 4th quarter valued at $25,000. Bogart Wealth LLC bought a new stake in SPDR S&P Emerging Markets Dividend ETF during the 1st quarter valued at $39,000. Raleigh Capital Management Inc. bought a new stake in SPDR S&P Emerging Markets Dividend ETF during the 4th quarter valued at $40,000. Commonwealth Retirement Investments LLC bought a new stake in shares of SPDR S&P Emerging Markets Dividend ETF in the 4th quarter worth $43,000. Finally, Trust Co. of Vermont grew its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 165.1% in the 4th quarter. Trust Co. of Vermont now owns 1,670 shares of the company’s stock worth $65,000 after acquiring an additional 1,040 shares in the last quarter.
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.
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