Short Interest in MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Rises By 118.6%

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,153 shares, an increase of 118.6% from the April 15th total of 985 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 22,279 shares, the days-to-cover ratio is presently 0.1 days.

MarketDesk Focused U.S. Dividend ETF Trading Down 0.8%

Shares of NASDAQ:FDIV traded down $0.22 during trading on Friday, reaching $26.93. 10,667 shares of the company traded hands, compared to its average volume of 14,997. The firm has a market capitalization of $81.33 million, a price-to-earnings ratio of 13.22 and a beta of 0.64. MarketDesk Focused U.S. Dividend ETF has a 52-week low of $25.33 and a 52-week high of $28.79. The business’s fifty day moving average is $27.35 and its 200-day moving average is $27.40.

MarketDesk Focused U.S. Dividend ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 30th were paid a dividend of $0.1466 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, March 30th.

About MarketDesk Focused U.S. Dividend ETF

The MarketDesk Focused U.S. Dividend ETF (FDIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is actively managed, investing primarily in US companies that are forecasted to raise their dividends. The fund constructs its portfolio using a quantitative dividend screening methodology with the goal of generating above-average income FDIV was launched on Sep 19, 2023 and is issued by MarketDesk.