abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) Sees Significant Drop in Short Interest

abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 842 shares, a decline of 45.5% from the August 15th total of 1,546 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,531 shares, the days-to-cover ratio is currently 0.1 days.

abrdn Emerging Markets Dividend Active ETF Stock Up 0.1%

Shares of NASDAQ:AGEM traded up $0.03 during trading on Tuesday, hitting $48.56. 6,292 shares of the company were exchanged, compared to its average volume of 21,497. abrdn Emerging Markets Dividend Active ETF has a 1-year low of $36.08 and a 1-year high of $51.50. The company has a market capitalization of $348.15 million, a P/E ratio of 13.90 and a beta of 1.03. The business’s 50 day moving average is $48.32 and its 200-day moving average is $46.58.

abrdn Emerging Markets Dividend Active ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Tuesday, June 23rd were issued a $0.2716 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, June 23rd.

About abrdn Emerging Markets Dividend Active ETF

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.