Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Sees Significant Increase in Short Interest

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 13,955 shares, a growth of 15.0% from the February 12th total of 12,138 shares. Based on an average trading volume of 10,868 shares, the short-interest ratio is currently 1.3 days. Approximately 1.0% of the shares of the stock are short sold. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 10,868 shares, the short-interest ratio is currently 1.3 days.

Global X MSCI SuperDividend Emerging Markets ETF Stock Performance

SDEM stock opened at $31.69 on Wednesday. The company has a market capitalization of $46.27 million, a PE ratio of 8.53 and a beta of 0.62. Global X MSCI SuperDividend Emerging Markets ETF has a one year low of $23.24 and a one year high of $33.98. The company’s 50 day moving average price is $32.45 and its two-hundred day moving average price is $30.30.

Global X MSCI SuperDividend Emerging Markets ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, February 4th were issued a dividend of $0.1438 per share. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a c) annualized dividend and a dividend yield of 5.4%. This is an increase from Global X MSCI SuperDividend Emerging Markets ETF’s previous monthly dividend of $0.14.

About Global X MSCI SuperDividend Emerging Markets ETF

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.