iMGP Berkshire Dividend Growth ETF (NYSEARCA:BDVG) Stock Short Interest Drops 97.4%

iMGP Berkshire Dividend Growth ETF (NYSEARCA:BDVG) was the recipient of a large decline in short interest in October. As of October 30th, there was short interest totaling 248 shares, a decline of 97.4% from the October 15th total of 9,652 shares. Based on an average daily trading volume, of 6,475 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

iMGP Berkshire Dividend Growth ETF Price Performance

BDVG traded down $0.01 on Thursday, reaching $15.28. The company’s stock had a trading volume of 12,168 shares, compared to its average volume of 8,725. The stock has a market cap of $23.69 million, a price-to-earnings ratio of 19.65 and a beta of 0.66. The business’s 50 day moving average is $15.06 and its 200 day moving average is $14.27. iMGP Berkshire Dividend Growth ETF has a 1 year low of $12.43 and a 1 year high of $16.64.

iMGP Berkshire Dividend Growth ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.0426 per share. This is a negative change from iMGP Berkshire Dividend Growth ETF’s previous quarterly dividend of $0.0575. The ex-dividend date was Tuesday, September 29th. This represents a $0.17 dividend on an annualized basis and a yield of 1.1%.

iMGP Berkshire Dividend Growth ETF Company Profile

The IMGP Berkshire Dividend Growth ETF (BDVG) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks income and long-term capital appreciation through an actively managed portfolio of 30 to 40 US large-cap companies with high, stable, and growing dividends. BDVG was launched on Jun 30, 2023 and is managed by iMGP.