Short Interest in Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Increases By 488.8%

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 1,996 shares, a growth of 488.8% from the April 30th total of 339 shares. Based on an average trading volume of 3,961 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.

Global X MSCI SuperDividend Emerging Markets ETF Stock Down 1.0%

NYSEARCA:SDEM traded down $0.33 during midday trading on Thursday, hitting $32.51. The company had a trading volume of 6,796 shares, compared to its average volume of 9,849. Global X MSCI SuperDividend Emerging Markets ETF has a 52-week low of $26.15 and a 52-week high of $34.15. The stock’s fifty day moving average price is $32.57 and its 200-day moving average price is $31.75. The company has a market capitalization of $45.84 million, a PE ratio of 8.53 and a beta of 0.51.

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.