Madison Dividend Value ETF (NYSEARCA:DIVL) Stock Short Interest Drops 72.4%

Madison Dividend Value ETF (NYSEARCA:DIVL) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 414 shares, a decline of 72.4% from the August 31st total of 1,500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,283 shares, the days-to-cover ratio is currently 0.3 days.

Madison Dividend Value ETF Stock Down 0.4%

Shares of NYSEARCA:DIVL traded down $0.09 during trading on Monday, hitting $24.61. 124 shares of the company were exchanged, compared to its average volume of 1,987. The business’s 50 day moving average is $25.35 and its 200-day moving average is $24.86. The company has a market capitalization of $60.29 million, a P/E ratio of 21.24 and a beta of 0.52. Madison Dividend Value ETF has a 1-year low of $22.12 and a 1-year high of $25.95.

Madison Dividend Value ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 28th will be given a dividend of $0.0414 per share. The ex-dividend date is Monday, September 28th. This represents a $0.50 dividend on an annualized basis and a yield of 2.0%. This is an increase from Madison Dividend Value ETF’s previous monthly dividend of $0.0390.

Madison Dividend Value ETF Company Profile

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.