Madison Dividend Value ETF (NYSEARCA:DIVL) Sees Large Decline in Short Interest

Madison Dividend Value ETF (NYSEARCA:DIVL) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 246 shares, a decline of 98.2% from the December 15th total of 13,298 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 848 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 848 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Madison Dividend Value ETF

A hedge fund recently bought a new stake in Madison Dividend Value ETF stock. Focus Partners Wealth bought a new position in shares of Madison Dividend Value ETF (NYSEARCA:DIVL) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,269 shares of the company’s stock, valued at approximately $247,000. Focus Partners Wealth owned approximately 0.42% of Madison Dividend Value ETF at the end of the most recent quarter.

Madison Dividend Value ETF Price Performance

Shares of DIVL stock traded up $0.14 during mid-day trading on Wednesday, hitting $23.94. The stock had a trading volume of 118 shares, compared to its average volume of 1,246. The firm has a market cap of $63.44 million, a PE ratio of 21.24 and a beta of 0.70. The company’s 50-day simple moving average is $22.99 and its 200-day simple moving average is $22.85. Madison Dividend Value ETF has a fifty-two week low of $19.43 and a fifty-two week high of $23.94.

About Madison Dividend Value ETF

The Madison Dividend Value ETF (DIVL) is an exchange-traded fund that mostly invests in total market equity. The fund uses an active approach to invest in stocks from around the globe. The fund seeks current income and capital appreciation by targeting stocks with favorable dividend yields that appear undervalued. DIVL was launched on Aug 14, 2023 and is issued by Madison.