SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) Short Interest Update

SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 48,517 shares, a decline of 88.3% from the May 14th total of 413,440 shares. Based on an average daily volume of 88,665 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are sold short.

SPDR S&P Emerging Markets Dividend ETF Stock Performance

Shares of SPDR S&P Emerging Markets Dividend ETF stock traded down $0.18 during midday trading on Wednesday, hitting $40.60. The company had a trading volume of 85,192 shares, compared to its average volume of 172,777. The stock has a market capitalization of $1.21 billion, a P/E ratio of 10.27 and a beta of 0.48. The company has a 50 day moving average of $40.93 and a 200 day moving average of $40.47. SPDR S&P Emerging Markets Dividend ETF has a 52-week low of $36.94 and a 52-week high of $43.49.

Hedge Funds Weigh In On SPDR S&P Emerging Markets Dividend ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Savvy Advisors Inc. bought a new position in shares of SPDR S&P Emerging Markets Dividend ETF during the 4th quarter valued at $770,000. Earned Wealth Advisors LLC purchased a new position in shares of SPDR S&P Emerging Markets Dividend ETF during the fourth quarter valued at about $646,000. JPMorgan Chase & Co. bought a new position in shares of SPDR S&P Emerging Markets Dividend ETF in the 3rd quarter valued at about $1,940,000. Kingsview Wealth Management LLC bought a new position in shares of SPDR S&P Emerging Markets Dividend ETF in the 3rd quarter valued at about $1,355,000. Finally, Bond & Devick Financial Network Inc. lifted its stake in SPDR S&P Emerging Markets Dividend ETF by 7.5% in the fourth quarter. Bond & Devick Financial Network Inc. now owns 258,220 shares of the company’s stock worth $10,109,000 after purchasing an additional 17,949 shares during the last quarter.

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.