abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) Stock Short Interest Jumps 86.8%

abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 3,182 shares, an increase of 86.8% from the September 30th total of 1,703 shares. Based on an average daily volume of 12,428 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

abrdn Emerging Markets Dividend Active ETF Price Performance

AGEM stock traded up $0.90 on Monday, reaching $45.32. 1,003 shares of the company traded hands, compared to its average volume of 19,579. abrdn Emerging Markets Dividend Active ETF has a one year low of $36.29 and a one year high of $51.50. The company has a market cap of $342.65 million, a P/E ratio of 13.90 and a beta of 1.04. The firm has a fifty day simple moving average of $48.22 and a 200-day simple moving average of $46.17.

abrdn Emerging Markets Dividend Active ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Tuesday, September 22nd were paid a $0.5559 dividend. This is an increase from abrdn Emerging Markets Dividend Active ETF’s previous quarterly dividend of $0.2716. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Tuesday, September 22nd.

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.