Madison Dividend Value ETF (NYSEARCA:DIVL) Sees Large Decline in Short Interest

Madison Dividend Value ETF (NYSEARCA:DIVL) was the target of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 584 shares, a decrease of 20.9% from the February 12th total of 738 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 950 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 950 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are short sold.

Madison Dividend Value ETF Trading Down 0.1%

Madison Dividend Value ETF stock traded down $0.02 on Friday, hitting $24.29. 226 shares of the stock traded hands, compared to its average volume of 3,613. The firm has a market cap of $64.37 million, a P/E ratio of 21.24 and a beta of 0.70. The business’s fifty day simple moving average is $24.62 and its 200 day simple moving average is $23.51. Madison Dividend Value ETF has a 1 year low of $19.43 and a 1 year high of $25.60.

Madison Dividend Value ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were paid a dividend of $0.0202 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This is an increase from Madison Dividend Value ETF’s previous monthly dividend of $0.02. This represents a c) annualized dividend and a yield of 1.0%.

Hedge Funds Weigh In On Madison Dividend Value ETF

A hedge fund recently bought a new stake in Madison Dividend Value ETF stock. Focus Partners Wealth purchased a new position in Madison Dividend Value ETF (NYSEARCA:DIVL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,269 shares of the company’s stock, valued at approximately $247,000. Focus Partners Wealth owned about 0.42% of Madison Dividend Value ETF as of its most recent SEC filing.

Madison Dividend Value ETF Company Profile

The Madison Dividend Value ETF (DIVL) is an exchange-traded fund that mostly invests in total market equity. The fund uses an active approach to invest in stocks from around the globe. The fund seeks current income and capital appreciation by targeting stocks with favorable dividend yields that appear undervalued. DIVL was launched on Aug 14, 2023 and is issued by Madison.