Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Short Interest Update

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 4,170 shares, a growth of 3,526.1% from the August 31st total of 115 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 3,673 shares, the days-to-cover ratio is presently 1.1 days.

Global X MSCI SuperDividend Emerging Markets ETF Price Performance

SDEM traded down $0.20 during trading hours on Thursday, reaching $32.96. 848 shares of the stock traded hands, compared to its average volume of 6,907. Global X MSCI SuperDividend Emerging Markets ETF has a fifty-two week low of $27.08 and a fifty-two week high of $34.53. The company has a market cap of $44.50 million, a price-to-earnings ratio of 8.53 and a beta of 0.50. The firm’s fifty day simple moving average is $33.37 and its two-hundred day simple moving average is $32.75.

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.