MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Short Interest Up 1,780.4% in July

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 15,382 shares, a growth of 1,780.4% from the June 30th total of 818 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,055 shares, the days-to-cover ratio is currently 1.5 days.

MarketDesk Focused U.S. Dividend ETF Stock Performance

NASDAQ:FDIV traded up $0.25 during mid-day trading on Friday, hitting $27.84. 215,440 shares of the company’s stock traded hands, compared to its average volume of 15,630. The company has a market cap of $67.09 million, a PE ratio of 13.22 and a beta of 0.58. The firm’s 50 day simple moving average is $27.71 and its 200 day simple moving average is $27.71. MarketDesk Focused U.S. Dividend ETF has a 1 year low of $25.62 and a 1 year high of $28.79.

MarketDesk Focused U.S. Dividend ETF Cuts Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend 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.