Madison Dividend Value ETF (NYSEARCA:DIVL) Sees Significant Growth in Short Interest

Madison Dividend Value ETF (NYSEARCA:DIVL) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 9,800 shares, an increase of 92.2% from the August 31st total of 5,100 shares. Based on an average daily volume of 3,500 shares, the days-to-cover ratio is presently 2.8 days. Based on an average daily volume of 3,500 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Madison Dividend Value ETF stock. Focus Partners Wealth acquired a new position in Madison Dividend Value ETF (NYSEARCA:DIVL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,269 shares of the company’s stock, valued at approximately $247,000. Focus Partners Wealth owned about 0.42% of Madison Dividend Value ETF at the end of the most recent quarter.

Madison Dividend Value ETF Stock Performance

NYSEARCA DIVL opened at $23.21 on Friday. The stock has a 50-day simple moving average of $22.88 and a 200 day simple moving average of $22.05. Madison Dividend Value ETF has a twelve month low of $19.43 and a twelve month high of $23.27. The stock has a market capitalization of $61.51 million, a PE ratio of 21.24 and a beta of 0.69.

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.