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

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) saw a large 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. Based on an average daily volume of 3,961 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

Global X MSCI SuperDividend Emerging Markets ETF Trading Up 0.4%

SDEM opened at $32.64 on Friday. The stock’s 50 day simple moving average is $32.61 and its 200-day simple moving average is $31.78. The stock has a market cap of $46.02 million, a PE 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.