Short Interest in Madison Dividend Value ETF (NYSEARCA:DIVL) Decreases By 97.0%

Madison Dividend Value ETF (NYSEARCA:DIVL) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 262 shares, a drop of 97.0% from the July 15th total of 8,879 shares. Based on an average daily trading volume, of 646 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Madison Dividend Value ETF

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

Madison Dividend Value ETF Stock Up 0.2%

Shares of NYSEARCA DIVL traded up $0.06 during trading on Tuesday, reaching $25.60. 125 shares of the company traded hands, compared to its average volume of 1,900. The firm has a 50 day simple moving average of $24.86 and a 200-day simple moving average of $24.77. Madison Dividend Value ETF has a 52-week low of $22.12 and a 52-week high of $25.62. The stock has a market capitalization of $64 million, a PE ratio of 21.24 and a beta of 0.52.

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.