SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) Sees Large Drop in Short Interest

SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 10,412 shares, a decrease of 48.9% from the July 15th total of 20,367 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 114,319 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of SPDR S&P Emerging Markets Dividend ETF

Several large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new stake in SPDR S&P Emerging Markets Dividend ETF in the fourth quarter valued at approximately $25,000. Bogart Wealth LLC purchased a new stake in shares of SPDR S&P Emerging Markets Dividend ETF in the first quarter valued at about $39,000. Commonwealth Retirement Investments LLC purchased a new stake in SPDR S&P Emerging Markets Dividend ETF in the 4th quarter valued at about $43,000. Fifth Third Bancorp bought a new stake in SPDR S&P Emerging Markets Dividend ETF during the first quarter worth $101,000. Finally, Private Trust Co. NA raised its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 10.0% during the 4th quarter. Private Trust Co. NA now owns 2,742 shares of the company’s stock worth $107,000 after purchasing an additional 250 shares during the period.

SPDR S&P Emerging Markets Dividend ETF Stock Down 0.1%

NYSEARCA:EDIV traded down $0.06 during trading hours on Friday, reaching $41.62. The company had a trading volume of 123,136 shares, compared to its average volume of 163,978. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 10.27 and a beta of 0.48. The business’s 50-day simple moving average is $41.50 and its two-hundred day simple moving average is $41.22. SPDR S&P Emerging Markets Dividend ETF has a twelve month low of $37.81 and a twelve month high of $43.49.

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.