Short Interest in iMGP Berkshire Dividend Growth ETF (NYSEARCA:BDVG) Declines By 71.6%

iMGP Berkshire Dividend Growth ETF (NYSEARCA:BDVG) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 7,993 shares, a drop of 71.6% from the August 15th total of 28,121 shares. Based on an average trading volume of 13,889 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the shares of the company are sold short.

iMGP Berkshire Dividend Growth ETF Stock Performance

Shares of NYSEARCA:BDVG traded up $0.22 during trading on Friday, hitting $15.16. 1,049 shares of the stock were exchanged, compared to its average volume of 9,421. The company has a market capitalization of $18.95 million, a price-to-earnings ratio of 18.66 and a beta of 0.68. iMGP Berkshire Dividend Growth ETF has a 1-year low of $12.43 and a 1-year high of $16.64. The company’s fifty day simple moving average is $14.92 and its 200-day simple moving average is $14.14.

iMGP Berkshire Dividend Growth ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were paid a dividend of $0.0575 per share. This is an increase from iMGP Berkshire Dividend Growth ETF’s previous quarterly dividend of $0.04. This represents a $0.23 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, June 29th.

iMGP Berkshire Dividend Growth ETF Company Profile

The IMGP Berkshire Dividend Growth ETF (BDVG) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks income and long-term capital appreciation through an actively managed portfolio of 30 to 40 US large-cap companies with high, stable, and growing dividends. BDVG was launched on Jun 30, 2023 and is managed by iMGP.