Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Stock Price Down 1.2% – Time to Sell?

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM)’s stock price dropped 1.2% during trading on Friday . The company traded as low as $24.80 and last traded at $25.00. Approximately 33,886 shares changed hands during mid-day trading, an increase of 224% from the average daily volume of 10,459 shares. The stock had previously closed at $25.30.

Global X MSCI SuperDividend Emerging Markets ETF Price Performance

The company has a fifty day moving average of $24.80 and a two-hundred day moving average of $24.92. The stock has a market capitalization of $35 million, a P/E ratio of 6.89 and a beta of 0.77.

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 position in Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,701 shares of the company’s stock, valued at approximately $311,000. Flow Traders U.S. LLC owned about 0.66% of Global X MSCI SuperDividend Emerging Markets ETF as of its most recent filing with the Securities and Exchange Commission.

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.