Madison Dividend Value ETF (NYSEARCA:DIVL) Short Interest Up 490.5% in August

Madison Dividend Value ETF (NYSEARCA:DIVL) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,547 shares, an increase of 490.5% from the July 30th total of 262 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 692 shares, the days-to-cover ratio is presently 2.2 days.

Madison Dividend Value ETF Stock Down 0.5%

DIVL stock opened at $25.82 on Wednesday. Madison Dividend Value ETF has a twelve month low of $22.12 and a twelve month high of $25.95. The stock’s 50 day moving average is $25.08 and its 200-day moving average is $24.87. The firm has a market capitalization of $64.55 million, a PE ratio of 21.24 and a beta of 0.52.

Hedge Funds Weigh In On Madison Dividend Value ETF

An institutional investor recently raised its position in Madison Dividend Value ETF stock. Citadel Advisors LLC grew its position in shares of Madison Dividend Value ETF (NYSEARCA:DIVL) by 55.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,747 shares of the company’s stock after acquiring an additional 8,492 shares during the quarter. Citadel Advisors LLC owned 0.90% of Madison Dividend Value ETF worth $553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.