Short Interest in Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Drops By 51.6%

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 17,091 shares, a drop of 51.6% from the November 30th total of 35,277 shares. Based on an average daily trading volume, of 9,239 shares, the short-interest ratio is currently 1.8 days. Approximately 1.3% of the company’s stock are sold short. Approximately 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 9,239 shares, the short-interest ratio is currently 1.8 days.

Global X MSCI SuperDividend Emerging Markets ETF Trading Down 0.5%

SDEM stock traded down $0.16 during trading on Monday, hitting $29.97. 4,037 shares of the company’s stock were exchanged, compared to its average volume of 8,712. The stock has a market capitalization of $39.55 million, a price-to-earnings ratio of 8.53 and a beta of 0.62. Global X MSCI SuperDividend Emerging Markets ETF has a 52-week low of $23.24 and a 52-week high of $30.54. The business has a 50-day moving average price of $29.71 and a two-hundred day moving average price of $28.45.

About Global X MSCI SuperDividend Emerging Markets ETF

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.