Short Interest in Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Increases By 488.8%

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 1,996 shares, a growth of 488.8% from the April 30th total of 339 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,961 shares, the short-interest ratio is presently 0.5 days.

Global X MSCI SuperDividend Emerging Markets ETF Stock Up 0.4%

Shares of NYSEARCA:SDEM traded up $0.13 during trading on Friday, hitting $32.64. 1,342 shares of the company were exchanged, compared to its average volume of 9,765. The business’s 50 day moving average is $32.61 and its 200-day moving average is $31.78. The company has a market capitalization of $46.02 million, a P/E ratio of 8.53 and a beta of 0.51. Global X MSCI SuperDividend Emerging Markets ETF has a 1-year low of $26.15 and a 1-year high of $34.15.

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.