abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) Sees Large Increase in Short Interest

abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 2,760 shares, an increase of 2,108.0% from the May 31st total of 125 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 46,241 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On abrdn Emerging Markets Dividend Active ETF

An institutional investor recently bought a new position in abrdn Emerging Markets Dividend Active ETF stock. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,157 shares of the company’s stock, valued at approximately $83,000.

abrdn Emerging Markets Dividend Active ETF Price Performance

Shares of AGEM stock traded up $1.02 during trading hours on Thursday, reaching $49.23. 6,806 shares of the company traded hands, compared to its average volume of 26,611. abrdn Emerging Markets Dividend Active ETF has a 12-month low of $32.87 and a 12-month high of $51.50. The company has a market cap of $350.03 million, a P/E ratio of 13.90 and a beta of 1.00. The firm has a 50-day moving average price of $47.79 and a 200 day moving average price of $43.56.

abrdn Emerging Markets Dividend Active ETF Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Tuesday, June 23rd will be issued a $0.2716 dividend. This represents a $1.09 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, June 23rd.

abrdn Emerging Markets Dividend Active ETF Company Profile

The abrdn Emerging Markets Dividend Active ETF (AGEM) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund actively invests in dividend paying companies from emerging markets, selected based on proprietary quality and fundamental factors. AGEM was launched on Feb 18, 2025 and is issued by Abrdn.