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

Madison Dividend Value ETF (NYSEARCA:DIVL) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 584 shares, a decline of 20.9% from the February 12th total of 738 shares. Based on an average trading volume of 950 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 950 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Madison Dividend Value ETF

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% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,747 shares of the company’s stock after buying an additional 8,492 shares during the quarter. Citadel Advisors LLC owned approximately 0.90% of Madison Dividend Value ETF worth $553,000 at the end of the most recent quarter.

Madison Dividend Value ETF Price Performance

Madison Dividend Value ETF stock traded down $0.02 during midday trading on Friday, reaching $24.29. 226 shares of the company traded hands, compared to its average volume of 3,613. Madison Dividend Value ETF has a 12 month low of $19.43 and a 12 month high of $25.60. The business has a 50 day moving average of $24.62 and a two-hundred day moving average of $23.51. The firm has a market capitalization of $64.37 million, a price-to-earnings ratio of 21.24 and a beta of 0.70.

Madison Dividend Value ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.0202 per share. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, February 25th. This is an increase from Madison Dividend Value ETF’s previous monthly dividend of $0.02.

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.