Morgan Dempsey Large Cap Value ETF (BATS:MDLV) Sees Significant Increase in Short Interest

Morgan Dempsey Large Cap Value ETF (BATS:MDLV) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 10,882 shares, an increase of 275.9% from the April 15th total of 2,895 shares. Based on an average daily volume of 4,872 shares, the short-interest ratio is presently 2.2 days. Currently, 1.1% of the shares of the company are sold short.

Morgan Dempsey Large Cap Value ETF Stock Performance

Shares of BATS MDLV opened at $30.89 on Friday. The company’s fifty day moving average price is $30.31 and its 200 day moving average price is $29.46. Morgan Dempsey Large Cap Value ETF has a 1 year low of $26.18 and a 1 year high of $31.23. The company has a market capitalization of $29.96 million, a PE ratio of 16.21 and a beta of 0.53.

Hedge Funds Weigh In On Morgan Dempsey Large Cap Value ETF

Hedge funds have recently bought and sold shares of the business. Diversified Management Inc. purchased a new position in Morgan Dempsey Large Cap Value ETF during the fourth quarter worth approximately $2,542,000. Envestnet Asset Management Inc. lifted its position in shares of Morgan Dempsey Large Cap Value ETF by 14.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 507,384 shares of the company’s stock valued at $14,207,000 after buying an additional 62,856 shares in the last quarter. Morgan Dempsey Capital Management LLC lifted its position in shares of Morgan Dempsey Large Cap Value ETF by 62.9% during the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 31,347 shares of the company’s stock valued at $878,000 after buying an additional 12,100 shares in the last quarter. Beacon Pointe Advisors LLC lifted its holdings in Morgan Dempsey Large Cap Value ETF by 4.8% during the fourth quarter. Beacon Pointe Advisors LLC now owns 377,970 shares of the company’s stock valued at $10,722,000 after purchasing an additional 17,319 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Morgan Dempsey Large Cap Value ETF by 28.1% during the third quarter. Private Advisor Group LLC now owns 15,488 shares of the company’s stock valued at $434,000 after purchasing an additional 3,394 shares in the last quarter.

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.