Short Interest in MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Decreases By 51.5%

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 5,105 shares, a drop of 51.5% from the July 30th total of 10,533 shares. Based on an average trading volume of 10,971 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

MarketDesk Focused U.S. Dividend ETF Stock Performance

NASDAQ FDIV traded down $0.15 during trading on Monday, hitting $28.30. 5,033 shares of the company’s stock traded hands, compared to its average volume of 15,594. The stock has a market capitalization of $59.71 million, a price-to-earnings ratio of 13.22 and a beta of 0.58. MarketDesk Focused U.S. Dividend ETF has a 12-month low of $25.82 and a 12-month high of $28.79. The business has a 50 day moving average of $28.10 and a 200-day moving average of $27.78.

MarketDesk Focused U.S. Dividend ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were given a $0.1382 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.55 annualized dividend and a dividend yield of 2.0%.

MarketDesk Focused U.S. Dividend ETF Company Profile

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.