Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Stock Short Interest Jumps 3,526.1%

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 4,170 shares, an increase 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 trading volume of 3,673 shares, the short-interest ratio is presently 1.1 days.

Global X MSCI SuperDividend Emerging Markets ETF Stock Performance

Shares of SDEM stock traded down $0.20 during trading hours on Thursday, hitting $32.96. 848 shares of the company were exchanged, compared to its average volume of 6,907. The stock has a market capitalization of $44.50 million, a price-to-earnings ratio of 8.53 and a beta of 0.50. Global X MSCI SuperDividend Emerging Markets ETF has a one year low of $27.08 and a one year high of $34.53. The business’s 50-day simple moving average is $33.37 and its two-hundred day simple moving average is $32.75.

Global X MSCI SuperDividend Emerging Markets ETF Company Profile

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.