Short Interest in Morgan Dempsey Large Cap Value ETF (BATS:MDLV) Grows By 595.8%

Morgan Dempsey Large Cap Value ETF (BATS:MDLV) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 14,333 shares, a growth of 595.8% from the June 30th total of 2,060 shares. Based on an average daily trading volume, of 6,302 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. OLD Mission Capital LLC acquired a new position in shares of Morgan Dempsey Large Cap Value ETF during the fourth quarter valued at $228,000. Susquehanna International Group LLP lifted its holdings in Morgan Dempsey Large Cap Value ETF by 56.2% in the third quarter. Susquehanna International Group LLP now owns 14,729 shares of the company’s stock worth $412,000 after purchasing an additional 5,300 shares during the period. Private Advisor Group LLC lifted its holdings in Morgan Dempsey Large Cap Value ETF by 28.1% in the third quarter. Private Advisor Group LLC now owns 15,488 shares of the company’s stock worth $434,000 after purchasing an additional 3,394 shares during the period. Morgan Dempsey Capital Management LLC grew its position in Morgan Dempsey Large Cap Value ETF by 8.8% in the 4th quarter. Morgan Dempsey Capital Management LLC now owns 34,103 shares of the company’s stock valued at $967,000 after buying an additional 2,756 shares in the last quarter. Finally, Diversified Management Inc. bought a new position in Morgan Dempsey Large Cap Value ETF in the 4th quarter valued at about $2,542,000.

Morgan Dempsey Large Cap Value ETF Price Performance

MDLV opened at $31.78 on Friday. The stock’s 50 day moving average price is $31.14 and its 200 day moving average price is $30.51. The stock has a market cap of $30.83 million, a P/E ratio of 16.21 and a beta of 0.53. Morgan Dempsey Large Cap Value ETF has a 12 month low of $26.98 and a 12 month high of $31.94.

Morgan Dempsey Large Cap Value ETF Company Profile

The Morgan Dempsey Large Cap Value ETF (MDLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to provide exposure to US-listed, large-cap companies believed to be undervalued. Holdings are selected based on fundamental criteria. MDLV was launched on Apr 26, 2023 and is managed by Morgan Dempsey.