Short Interest in MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Grows By 1,780.4%

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 15,382 shares, a growth of 1,780.4% from the June 30th total of 818 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 10,055 shares, the days-to-cover ratio is currently 1.5 days.

MarketDesk Focused U.S. Dividend ETF Stock Up 0.9%

MarketDesk Focused U.S. Dividend ETF stock traded up $0.25 during mid-day trading on Friday, reaching $27.84. 215,440 shares of the company’s stock were exchanged, compared to its average volume of 15,630. The business’s fifty day simple moving average is $27.71 and its 200 day simple moving average is $27.71. MarketDesk Focused U.S. Dividend ETF has a one year low of $25.62 and a one year high of $28.79. The firm has a market capitalization of $72.38 million, a PE ratio of 13.22 and a beta of 0.58.

MarketDesk Focused U.S. Dividend ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were given a $0.1382 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.55 annualized dividend and a yield of 2.0%.

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.