abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) Sees Large Decline in Short Interest

abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 298 shares, a decline of 75.4% from the April 15th total of 1,213 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 5,687 shares, the days-to-cover ratio is presently 0.1 days.

abrdn Emerging Markets Dividend Active ETF Stock Performance

Shares of NASDAQ AGEM traded up $0.60 during trading hours on Wednesday, hitting $48.41. The stock had a trading volume of 6,410 shares, compared to its average volume of 27,928. The company has a market capitalization of $344.20 million, a P/E ratio of 13.90 and a beta of 1.00. The firm’s 50-day moving average price is $43.28 and its two-hundred day moving average price is $41.11. abrdn Emerging Markets Dividend Active ETF has a 52 week low of $29.19 and a 52 week high of $49.52.

abrdn Emerging Markets Dividend Active ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Tuesday, March 24th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.68 annualized dividend and a dividend yield of 1.4%.

Institutional Investors Weigh In On abrdn Emerging Markets Dividend Active ETF

An institutional investor recently bought a new position in abrdn Emerging Markets Dividend Active ETF stock. Bartlett & CO. Wealth Management LLC bought a new position in abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,157 shares of the company’s stock, valued at approximately $83,000.

abrdn Emerging Markets Dividend Active ETF Company Profile

The abrdn Emerging Markets Dividend Active ETF (AGEM) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund actively invests in dividend paying companies from emerging markets, selected based on proprietary quality and fundamental factors. AGEM was launched on Feb 18, 2025 and is issued by Abrdn.