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

SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 4,238 shares, a decline of 78.0% from the June 15th total of 19,267 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 252,383 shares, the days-to-cover ratio is currently 0.0 days.

SPDR S&P Emerging Markets Dividend ETF Stock Up 0.8%

NYSEARCA:EDIV traded up $0.35 during trading hours on Friday, reaching $41.94. The company had a trading volume of 76,189 shares, compared to its average volume of 174,675. The stock has a 50-day moving average of $41.28 and a two-hundred day moving average of $40.86. SPDR S&P Emerging Markets Dividend ETF has a one year low of $37.81 and a one year high of $43.49. The firm has a market capitalization of $1.25 billion, a PE ratio of 10.27 and a beta of 0.48.

Institutional Investors Weigh In On SPDR S&P Emerging Markets Dividend ETF

A number of hedge funds have recently made changes to their positions in EDIV. Bank of America Corp DE lifted its holdings in SPDR S&P Emerging Markets Dividend ETF by 76.8% during the 1st quarter. Bank of America Corp DE now owns 1,757,472 shares of the company’s stock valued at $69,385,000 after purchasing an additional 763,194 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of SPDR S&P Emerging Markets Dividend ETF by 3.9% during the first quarter. Cetera Investment Advisers now owns 1,523,559 shares of the company’s stock worth $60,150,000 after buying an additional 56,815 shares in the last quarter. LPL Financial LLC raised its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 13.7% in the fourth quarter. LPL Financial LLC now owns 1,484,931 shares of the company’s stock valued at $58,135,000 after acquiring an additional 179,405 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 19.3% in the fourth quarter. Wells Fargo & Company MN now owns 982,405 shares of the company’s stock valued at $38,461,000 after acquiring an additional 158,975 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of SPDR S&P Emerging Markets Dividend ETF by 7.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 485,275 shares of the company’s stock worth $18,998,000 after acquiring an additional 35,336 shares in the last quarter.

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.