Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Shares Up 0.9% – Should You Buy?

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) shares shot up 0.9% on Friday . The company traded as high as $24.49 and last traded at $24.39. 31,772 shares changed hands during mid-day trading, an increase of 187% from the average session volume of 11,061 shares. The stock had previously closed at $24.18.

Global X MSCI SuperDividend Emerging Markets ETF Stock Up 0.9 %

The stock has a market capitalization of $43.41 million, a price-to-earnings ratio of 5.33 and a beta of 0.62. The business has a 50-day simple moving average of $24.31 and a two-hundred day simple moving average of $24.93.

Institutional Investors 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 shares of Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

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.