Morgan Dempsey Large Cap Value ETF (BATS:MDLV) Short Interest Update

Morgan Dempsey Large Cap Value ETF (BATS:MDLV) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 12,250 shares, a drop of 31.9% from the August 15th total of 17,988 shares. Based on an average trading volume of 9,275 shares, the short-interest ratio is currently 1.3 days. Approximately 1.3% of the shares of the stock are short sold.

Morgan Dempsey Large Cap Value ETF Stock Performance

MDLV stock opened at $31.22 on Thursday. The company has a market capitalization of $30.28 million, a PE ratio of 16.21 and a beta of 0.53. Morgan Dempsey Large Cap Value ETF has a one year low of $27.37 and a one year high of $32.17. The company’s 50 day moving average price is $31.63 and its two-hundred day moving average price is $31.01.

Morgan Dempsey Large Cap Value ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were issued a dividend of $0.1778 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.71 annualized dividend and a dividend yield of 2.3%.

Institutional Trading of Morgan Dempsey Large Cap Value ETF

Institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC purchased a new position in shares of Morgan Dempsey Large Cap Value ETF in the second quarter worth about $131,000. XY Planning Network Inc. bought a new position in Morgan Dempsey Large Cap Value ETF during the 2nd quarter worth approximately $496,000. Hudock Inc. bought a new position in Morgan Dempsey Large Cap Value ETF during the 2nd quarter worth approximately $109,000. Waverly Advisors LLC bought a new position in Morgan Dempsey Large Cap Value ETF during the 2nd quarter worth approximately $93,000. Finally, Empirical Finance LLC purchased a new position in Morgan Dempsey Large Cap Value ETF in the 2nd quarter worth approximately $1,285,000.

About Morgan Dempsey Large Cap Value ETF

The Morgan Dempsey Large Cap Value ETF (MDLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to provide exposure to US-listed, large-cap companies believed to be undervalued. Holdings are selected based on fundamental criteria. MDLV was launched on Apr 26, 2023 and is managed by Morgan Dempsey.