Madison Dividend Value ETF (NYSEARCA:DIVL) Short Interest Update

Madison Dividend Value ETF (NYSEARCA:DIVL) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 738 shares, an increase of 298.9% from the January 29th total of 185 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 11,727 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 11,727 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Madison Dividend Value ETF Trading Down 0.3%

Madison Dividend Value ETF stock traded down $0.07 during mid-day trading on Thursday, reaching $25.32. The company had a trading volume of 107 shares, compared to its average volume of 3,995. The business has a fifty day simple moving average of $24.19 and a 200 day simple moving average of $23.34. The company has a market cap of $67.08 million, a P/E ratio of 21.24 and a beta of 0.70. Madison Dividend Value ETF has a fifty-two week low of $19.43 and a fifty-two week high of $25.52.

Madison Dividend Value ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th will be issued a $0.0202 dividend. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, February 25th. This is a boost from Madison Dividend Value ETF’s previous monthly dividend of $0.02.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Madison Dividend Value ETF stock. Citadel Advisors LLC boosted its holdings in shares of Madison Dividend Value ETF (NYSEARCA:DIVL) by 55.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,747 shares of the company’s stock after acquiring an additional 8,492 shares during the quarter. Citadel Advisors LLC owned 0.90% of Madison Dividend Value ETF worth $553,000 at the end of the most recent quarter.

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.