Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Stock Price Down 0.8% – Should You Sell?

Shares of Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) traded down 0.8% during mid-day trading on Friday . The company traded as low as $25.75 and last traded at $25.79. 3,232 shares were traded during trading, a decline of 66% from the average session volume of 9,433 shares. The stock had previously closed at $25.99.

Global X MSCI SuperDividend Emerging Markets ETF Stock Performance

The firm has a market cap of $36.11 million, a P/E ratio of 8.44 and a beta of 0.77. The company’s 50 day moving average is $25.26 and its 200 day moving average is $24.96.

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

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.