SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV – Get Free Report) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 119,257 shares, a drop of 37.8% from the April 15th total of 191,642 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 114,604 shares, the short-interest ratio is currently 1.0 days.
SPDR S&P Emerging Markets Dividend ETF Price Performance
NYSEARCA EDIV traded down $0.69 during trading hours on Friday, hitting $40.81. 87,453 shares of the company’s stock traded hands, compared to its average volume of 186,972. The company has a market capitalization of $1.22 billion, a PE ratio of 10.27 and a beta of 0.48. SPDR S&P Emerging Markets Dividend ETF has a 52-week low of $36.94 and a 52-week high of $43.49. The firm’s 50-day moving average is $40.42 and its 200-day moving average is $40.18.
Institutional Investors Weigh In On SPDR S&P Emerging Markets Dividend ETF
Large investors have recently made changes to their positions in the stock. Cetera Investment Advisers increased its holdings in shares of SPDR S&P Emerging Markets Dividend ETF by 3.9% in the first quarter. Cetera Investment Advisers now owns 1,523,559 shares of the company’s stock valued at $60,150,000 after purchasing an additional 56,815 shares during the last quarter. Summit Global Investments grew its holdings in SPDR S&P Emerging Markets Dividend ETF by 14.0% in the 1st quarter. Summit Global Investments now owns 71,161 shares of the company’s stock valued at $2,809,000 after buying an additional 8,715 shares in the last quarter. Johnson Financial Group Inc. increased its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 6.5% in the 1st quarter. Johnson Financial Group Inc. now owns 24,700 shares of the company’s stock worth $975,000 after acquiring an additional 1,500 shares during the last quarter. Independent Financial Group LLC acquired a new stake in shares of SPDR S&P Emerging Markets Dividend ETF in the 1st quarter worth $420,000. Finally, Harmony Asset Management LLC raised its holdings in shares of SPDR S&P Emerging Markets Dividend ETF by 89.1% during the 1st quarter. Harmony Asset Management LLC now owns 9,880 shares of the company’s stock worth $390,000 after acquiring an additional 4,656 shares during the period.
SPDR S&P Emerging Markets Dividend ETF Company Profile
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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