Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Trading Up 0.3% – What’s Next?

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM)’s share price was up 0.3% during trading on Monday . The company traded as high as $28.57 and last traded at $28.54. Approximately 6,693 shares changed hands during trading, a decline of 22% from the average daily volume of 8,601 shares. The stock had previously closed at $28.45.

Global X MSCI SuperDividend Emerging Markets ETF Trading Up 0.3%

The stock has a 50 day simple moving average of $27.90 and a 200 day simple moving average of $26.75. The stock has a market cap of $39.96 million, a P/E ratio of 8.53 and a beta of 0.79.

Hedge Funds Weigh In On Global X MSCI SuperDividend Emerging Markets ETF

A hedge fund recently bought a new stake in Global X MSCI SuperDividend Emerging Markets ETF stock. Flow Traders U.S. LLC purchased a new stake in Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 64,767 shares of the company’s stock, valued at approximately $1,672,000. Flow Traders U.S. LLC owned about 4.63% of Global X MSCI SuperDividend Emerging Markets ETF as of its most recent filing with the Securities and Exchange Commission.

About Global X MSCI SuperDividend Emerging Markets ETF

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.