Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Trading Down 0.3% – Here’s What Happened

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM)’s share price dropped 0.3% during mid-day trading on Friday . The company traded as low as $24.84 and last traded at $24.85. Approximately 4,619 shares changed hands during trading, a decline of 51% from the average daily volume of 9,385 shares. The stock had previously closed at $24.92.

Global X MSCI SuperDividend Emerging Markets ETF Price Performance

The company’s 50-day simple moving average is $24.53 and its 200 day simple moving average is $24.85. The firm has a market cap of $44.23 million, a P/E ratio of 5.33 and a beta of 0.62.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global X MSCI SuperDividend Emerging Markets ETF stock. Flow Traders U.S. LLC acquired a new stake in Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 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 at the end of the most recent reporting period.

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.