MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV – Get Free Report) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 3,270 shares, a decline of 61.9% from the May 31st total of 8,583 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 7,967 shares, the days-to-cover ratio is currently 0.4 days.
MarketDesk Focused U.S. Dividend ETF Stock Performance
Shares of MarketDesk Focused U.S. Dividend ETF stock traded down $0.24 during trading hours on Tuesday, reaching $27.76. The company’s stock had a trading volume of 27,007 shares, compared to its average volume of 13,136. The company has a market capitalization of $83.82 million, a P/E ratio of 13.22 and a beta of 0.60. The stock’s fifty day simple moving average is $27.64 and its two-hundred day simple moving average is $27.64. MarketDesk Focused U.S. Dividend ETF has a one year low of $25.62 and a one year high of $28.79.
MarketDesk Focused U.S. Dividend ETF Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 29th will be issued a $0.1382 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, June 29th.
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.
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