MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV – Get Free Report) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 3,270 shares, a decrease of 61.9% from the May 31st total of 8,583 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 7,967 shares, the days-to-cover ratio is presently 0.4 days.
MarketDesk Focused U.S. Dividend ETF Price Performance
Shares of FDIV stock traded down $0.32 on Monday, hitting $27.94. The stock had a trading volume of 2,918 shares, compared to its average volume of 13,023. MarketDesk Focused U.S. Dividend ETF has a 12-month low of $25.62 and a 12-month high of $28.79. The business has a 50 day moving average of $27.64 and a 200 day moving average of $27.64. The stock has a market cap of $84.38 million, a price-to-earnings ratio of 13.22 and a beta of 0.60.
MarketDesk Focused U.S. Dividend ETF Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th will be issued a $0.1382 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $0.55 annualized dividend and a dividend yield of 2.0%.
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.
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