Morgan Dempsey Large Cap Value ETF (BATS:MDLV) Shares Shorted: Short Interest Down 80.6% in September

Morgan Dempsey Large Cap Value ETF (BATS:MDLV) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,415 shares, a drop of 80.6% from the September 15th total of 12,477 shares. Based on an average daily volume of 9,254 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Morgan Dempsey Large Cap Value ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of MDLV. Diversified Management Inc. increased its stake in Morgan Dempsey Large Cap Value ETF by 4.1% in the 3rd quarter. Diversified Management Inc. now owns 100,481 shares of the company’s stock valued at $3,010,000 after buying an additional 4,000 shares during the period. NewEdge Advisors LLC purchased a new position in Morgan Dempsey Large Cap Value ETF during the 2nd quarter worth $131,000. XY Planning Network Inc. purchased a new position in Morgan Dempsey Large Cap Value ETF during the 2nd quarter worth $496,000. Hudock Inc. acquired a new stake in shares of Morgan Dempsey Large Cap Value ETF in the 2nd quarter worth $109,000. Finally, Waverly Advisors LLC acquired a new stake in shares of Morgan Dempsey Large Cap Value ETF in the 2nd quarter worth $93,000.

Morgan Dempsey Large Cap Value ETF Trading Up 0.8%

BATS:MDLV opened at $30.70 on Tuesday. The firm has a market cap of $29.78 million, a P/E ratio of 16.21 and a beta of 0.53. The stock’s 50 day simple moving average is $31.30 and its 200-day simple moving average is $31.01. Morgan Dempsey Large Cap Value ETF has a 12-month low of $27.40 and a 12-month high of $32.17.

Morgan Dempsey Large Cap Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were issued a dividend of $0.1882 per share. This is a boost from Morgan Dempsey Large Cap Value ETF’s previous quarterly dividend of $0.1778. This represents a $0.75 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, September 28th.

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.