Madison Dividend Value ETF (NYSEARCA:DIVL – Get Free Report) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 6,523 shares, a growth of 651.5% from the March 31st total of 868 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 2,652 shares, the short-interest ratio is currently 2.5 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 stake in Madison Dividend Value ETF (NYSEARCA:DIVL – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,269 shares of the company’s stock, valued at approximately $247,000. Focus Partners Wealth owned 0.42% of Madison Dividend Value ETF as of its most recent SEC filing.
Madison Dividend Value ETF Trading Down 0.7%
Madison Dividend Value ETF stock traded down $0.18 during midday trading on Friday, reaching $24.90. 113 shares of the stock traded hands, compared to its average volume of 3,316. The firm has a fifty day moving average price of $24.71 and a two-hundred day moving average price of $23.79. The firm has a market cap of $61.50 million, a price-to-earnings ratio of 21.24 and a beta of 0.65. Madison Dividend Value ETF has a fifty-two week low of $20.84 and a fifty-two week high of $25.60.
Madison Dividend Value ETF Increases Dividend
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.
Further Reading
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