Short Interest in abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) Decreases By 37.5%

abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 6,489 shares, a drop of 37.5% from the February 26th total of 10,381 shares. Based on an average trading volume of 14,322 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On abrdn Emerging Markets Dividend Active ETF

A hedge fund recently bought a new stake in abrdn Emerging Markets Dividend Active ETF stock. Bartlett & CO. Wealth Management LLC bought a new position in shares of abrdn Emerging Markets Dividend Active ETF (NASDAQ:AGEM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,157 shares of the company’s stock, valued at approximately $83,000.

abrdn Emerging Markets Dividend Active ETF Stock Down 0.3%

Shares of NASDAQ:AGEM opened at $39.73 on Friday. The company has a market cap of $218.91 million, a price-to-earnings ratio of 13.90 and a beta of 1.43. The firm’s 50-day simple moving average is $42.53 and its 200-day simple moving average is $39.56. abrdn Emerging Markets Dividend Active ETF has a fifty-two week low of $24.21 and a fifty-two week high of $45.76.

abrdn Emerging Markets Dividend Active ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Tuesday, March 24th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, March 24th.

About abrdn Emerging Markets Dividend Active ETF

The abrdn Emerging Markets Dividend Active ETF (AGEM) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund actively invests in dividend paying companies from emerging markets, selected based on proprietary quality and fundamental factors. AGEM was launched on Feb 18, 2025 and is issued by Abrdn.