MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Short Interest Update

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 5,105 shares, a drop of 51.5% from the July 30th total of 10,533 shares. Based on an average trading volume of 10,971 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

MarketDesk Focused U.S. Dividend ETF Price Performance

MarketDesk Focused U.S. Dividend ETF stock traded up $0.03 during midday trading on Friday, hitting $28.45. 1,429 shares of the stock were exchanged, compared to its average volume of 15,658. The company has a 50 day moving average price of $28.10 and a two-hundred day moving average price of $27.79. The firm has a market cap of $60.03 million, a P/E ratio of 13.22 and a beta of 0.58. MarketDesk Focused U.S. Dividend ETF has a 1 year low of $25.82 and a 1 year high of $28.79.

MarketDesk Focused U.S. Dividend ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were paid a dividend of $0.1382 per share. This represents a $0.55 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, June 29th.

About MarketDesk Focused U.S. Dividend ETF

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.