Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Shares Shorted: Short Interest Up 3,526.1% in September

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 4,170 shares, a growth of 3,526.1% from the August 31st total of 115 shares. Based on an average daily volume of 3,673 shares, the short-interest ratio is currently 1.1 days. Currently, 0.3% of the company’s shares are sold short.

Global X MSCI SuperDividend Emerging Markets ETF Stock Down 0.6%

Shares of NYSEARCA SDEM opened at $32.96 on Friday. Global X MSCI SuperDividend Emerging Markets ETF has a twelve month low of $27.08 and a twelve month high of $34.53. The stock has a market cap of $44.50 million, a price-to-earnings ratio of 8.53 and a beta of 0.50. The company’s fifty day moving average is $33.38 and its 200-day moving average is $32.76.

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.