Short Interest in Freedom Day Dividend ETF (NYSEARCA:MBOX) Drops By 51.8%

Freedom Day Dividend ETF (NYSEARCA:MBOX) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 6,528 shares, a decrease of 51.8% from the August 15th total of 13,536 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 3,702 shares, the days-to-cover ratio is presently 1.8 days.

Freedom Day Dividend ETF Trading Down 1.0%

NYSEARCA:MBOX traded down $0.40 during trading hours on Wednesday, hitting $41.41. The stock had a trading volume of 1,336 shares, compared to its average volume of 4,077. Freedom Day Dividend ETF has a 1-year low of $33.99 and a 1-year high of $43.10. The business has a 50 day simple moving average of $41.97 and a two-hundred day simple moving average of $39.73. The company has a market cap of $165.60 million, a PE ratio of 16.38 and a beta of 0.78.

Freedom Day Dividend ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were paid a $0.1654 dividend. The ex-dividend date was Monday, June 29th. This represents a $0.66 annualized dividend and a dividend yield of 1.6%.

Freedom Day Dividend ETF Company Profile

The Freedom Day Dividend ETF (MBOX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that seeks dividend growth by selecting US-listed companies the advisor believes to have the greatest potential to provide rising dividends over time. MBOX was launched on May 5, 2021 and is managed by Alpha Architect.