Short Interest in Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Declines By 26.0%

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 12,652 shares, a decline of 26.0% from the December 15th total of 17,091 shares. Based on an average trading volume of 8,492 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.9% of the shares of the company are short sold. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 8,492 shares, the days-to-cover ratio is currently 1.5 days.

Global X MSCI SuperDividend Emerging Markets ETF Price Performance

Shares of SDEM traded down $0.10 during trading hours on Monday, reaching $31.67. 6,366 shares of the company’s stock traded hands, compared to its average volume of 11,161. Global X MSCI SuperDividend Emerging Markets ETF has a twelve month low of $23.24 and a twelve month high of $31.79. The business’s fifty day simple moving average is $30.19 and its two-hundred day simple moving average is $28.85. The firm has a market capitalization of $45.29 million, a price-to-earnings ratio of 8.53 and a beta of 0.62.

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.