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

SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 20,367 shares, an increase of 380.6% from the June 30th total of 4,238 shares. Based on an average daily trading volume, of 119,838 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of SPDR S&P Emerging Markets Dividend ETF

Several hedge funds have recently bought and sold shares of EDIV. PNC Financial Services Group Inc. bought a new stake in shares of SPDR S&P Emerging Markets Dividend ETF in the 4th quarter valued at approximately $25,000. Bogart Wealth LLC bought a new position in shares of SPDR S&P Emerging Markets Dividend ETF during the 1st quarter valued at approximately $39,000. Raleigh Capital Management Inc. bought a new position in shares of SPDR S&P Emerging Markets Dividend ETF during the 4th quarter valued at approximately $40,000. Commonwealth Retirement Investments LLC purchased a new stake in SPDR S&P Emerging Markets Dividend ETF during the 4th quarter valued at $43,000. Finally, Trust Co. of Vermont raised its holdings in SPDR S&P Emerging Markets Dividend ETF by 165.1% during the 4th quarter. Trust Co. of Vermont now owns 1,670 shares of the company’s stock valued at $65,000 after buying an additional 1,040 shares during the period.

SPDR S&P Emerging Markets Dividend ETF Stock Performance

Shares of SPDR S&P Emerging Markets Dividend ETF stock traded up $0.15 on Friday, hitting $41.54. 97,705 shares of the company traded hands, compared to its average volume of 170,099. The stock has a market capitalization of $1.22 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 $41.39 and a 200 day simple moving average of $41.05.

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.