SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) Sees Significant Drop in Short Interest

SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 119,257 shares, a decrease of 37.8% from the April 15th total of 191,642 shares. Based on an average daily trading volume, of 114,604 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Investors Weigh In On SPDR S&P Emerging Markets Dividend ETF

Several hedge funds have recently made changes to their positions in EDIV. Jane Street Group LLC lifted its holdings in shares of SPDR S&P Emerging Markets Dividend ETF by 1,501.9% in the 1st quarter. Jane Street Group LLC now owns 95,043 shares of the company’s stock worth $3,393,000 after buying an additional 89,110 shares during the period. Creative Planning lifted its holdings in shares of SPDR S&P Emerging Markets Dividend ETF by 9.2% in the 2nd quarter. Creative Planning now owns 8,287 shares of the company’s stock worth $316,000 after buying an additional 700 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of SPDR S&P Emerging Markets Dividend ETF by 81.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 85,521 shares of the company’s stock worth $3,254,000 after buying an additional 38,298 shares during the period. Bank of America Corp DE lifted its holdings in shares of SPDR S&P Emerging Markets Dividend ETF by 97.9% in the 2nd quarter. Bank of America Corp DE now owns 589,465 shares of the company’s stock worth $22,470,000 after buying an additional 291,639 shares during the period. Finally, MML Investors Services LLC lifted its holdings in shares of SPDR S&P Emerging Markets Dividend ETF by 78.6% in the 2nd quarter. MML Investors Services LLC now owns 109,242 shares of the company’s stock worth $4,164,000 after buying an additional 48,061 shares during the period.

SPDR S&P Emerging Markets Dividend ETF Price Performance

Shares of EDIV stock traded up $0.04 during mid-day trading on Monday, hitting $40.85. The stock had a trading volume of 77,524 shares, compared to its average volume of 185,807. SPDR S&P Emerging Markets Dividend ETF has a 12-month low of $36.94 and a 12-month high of $43.49. The firm has a market capitalization of $1.22 billion, a P/E ratio of 10.27 and a beta of 0.48. The firm’s 50-day moving average is $40.42 and its two-hundred day moving average is $40.20.

About SPDR S&P Emerging Markets Dividend ETF

The SPDR S&P Emerging Markets Dividend ETF (EDIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a yield-weighted index of high-dividend-paying firms in emerging markets. The index screens for 3-year positive earnings growth and profitability. EDIV was launched on Feb 23, 2011 and is managed by State Street.