SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) Short Interest Down 88.3% in May

SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 48,517 shares, a decline of 88.3% from the May 14th total of 413,440 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 88,665 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On SPDR S&P Emerging Markets Dividend ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EDIV. PNC Financial Services Group Inc. purchased a new position in shares of SPDR S&P Emerging Markets Dividend ETF in the 4th quarter worth about $25,000. Bogart Wealth LLC purchased a new stake in SPDR S&P Emerging Markets Dividend ETF during the first quarter valued at about $39,000. Raleigh Capital Management Inc. purchased a new stake in SPDR S&P Emerging Markets Dividend ETF during the fourth quarter valued at about $40,000. Commonwealth Retirement Investments LLC purchased a new stake in SPDR S&P Emerging Markets Dividend ETF during the fourth quarter valued at about $43,000. Finally, Trust Co. of Vermont lifted its holdings in SPDR S&P Emerging Markets Dividend ETF by 165.1% during the fourth quarter. Trust Co. of Vermont now owns 1,670 shares of the company’s stock valued at $65,000 after purchasing an additional 1,040 shares during the last quarter.

SPDR S&P Emerging Markets Dividend ETF Trading Up 0.7%

Shares of NYSEARCA:EDIV traded up $0.27 during midday trading on Tuesday, reaching $40.78. The company had a trading volume of 81,409 shares, compared to its average volume of 173,581. The company’s 50 day moving average price is $40.89 and its 200 day moving average price is $40.46. The stock has a market cap of $1.22 billion, a P/E ratio of 10.27 and a beta of 0.48. SPDR S&P Emerging Markets Dividend ETF has a 52-week low of $36.94 and a 52-week high of $43.49.

SPDR S&P Emerging Markets Dividend ETF Company Profile

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.