SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) Short Interest Up 175.5% in August

SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 28,684 shares, a growth of 175.5% from the July 30th total of 10,412 shares. Based on an average daily volume of 102,199 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of SPDR S&P Emerging Markets Dividend ETF

A number of institutional investors and hedge funds have recently bought and sold shares of EDIV. PNC Financial Services Group Inc. purchased a new stake in SPDR S&P Emerging Markets Dividend ETF in the 4th quarter worth $25,000. Bogart Wealth LLC bought a new stake in shares of SPDR S&P Emerging Markets Dividend ETF in the first quarter worth about $39,000. Commonwealth Retirement Investments LLC bought a new stake in shares of SPDR S&P Emerging Markets Dividend ETF in the fourth quarter worth about $43,000. Fifth Third Bancorp purchased a new stake in shares of SPDR S&P Emerging Markets Dividend ETF in the first quarter worth about $101,000. Finally, Compass Financial Management LLC purchased a new stake in shares of SPDR S&P Emerging Markets Dividend ETF in the second quarter worth about $108,000.

SPDR S&P Emerging Markets Dividend ETF Stock Performance

Shares of SPDR S&P Emerging Markets Dividend ETF stock traded down $0.14 on Friday, hitting $41.89. 57,532 shares of the company traded hands, compared to its average volume of 158,669. The stock has a market capitalization of $1.23 billion, a P/E ratio of 10.27 and a beta of 0.48. SPDR S&P Emerging Markets Dividend ETF has a 52 week low of $37.81 and a 52 week high of $43.49. The business has a 50-day simple moving average of $41.61 and a 200 day simple moving average of $41.25.

SPDR S&P Emerging Markets Dividend ETF Company Profile

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.