Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Shares Up 0.5% – Here’s Why

Shares of Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) shot up 0.5% during trading on Monday . The company traded as high as $33.03 and last traded at $32.98. 15,610 shares changed hands during trading, an increase of 19% from the average session volume of 13,077 shares. The stock had previously closed at $32.81.

Global X MSCI SuperDividend Emerging Markets ETF Price Performance

The firm’s fifty day simple moving average is $31.01 and its 200 day simple moving average is $29.44. The company has a market capitalization of $48.15 million, a price-to-earnings ratio of 8.53 and a beta of 0.62.

Global X MSCI SuperDividend Emerging Markets ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, February 4th will be paid a $0.1438 dividend. The ex-dividend date of this dividend is Wednesday, February 4th. This represents a c) dividend on an annualized basis and a yield of 5.2%. This is a positive change from Global X MSCI SuperDividend Emerging Markets ETF’s previous monthly dividend of $0.14.

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.