MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Stock Short Interest Declines 48.0%

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 1,016 shares, a drop of 48.0% from the September 30th total of 1,955 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 19,110 shares, the short-interest ratio is currently 0.1 days.

MarketDesk Focused U.S. Dividend ETF Price Performance

Shares of FDIV traded up $0.01 during trading hours on Friday, hitting $28.10. The stock had a trading volume of 1,988 shares, compared to its average volume of 14,422. MarketDesk Focused U.S. Dividend ETF has a 12 month low of $25.63 and a 12 month high of $28.79. The firm has a market capitalization of $56.20 million, a PE ratio of 13.22 and a beta of 0.62. The stock has a fifty day moving average price of $27.30 and a 200 day moving average price of $27.67.

MarketDesk Focused U.S. Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were given a $0.1793 dividend. The ex-dividend date of this dividend was Monday, September 28th. This is a positive change from MarketDesk Focused U.S. Dividend ETF’s previous quarterly dividend of $0.1382. This represents a $0.72 annualized dividend and a yield of 2.6%.

MarketDesk Focused U.S. Dividend ETF Company Profile

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.