MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Sees Large Drop in Short Interest

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 1,016 shares, a decline of 48.0% from the September 30th total of 1,955 shares. Based on an average daily trading volume, of 19,110 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

MarketDesk Focused U.S. Dividend ETF Price Performance

Shares of NASDAQ FDIV traded up $0.01 during mid-day trading on Friday, reaching $28.10. 1,988 shares of the company’s stock traded hands, compared to its average volume of 14,422. MarketDesk Focused U.S. Dividend ETF has a 1-year low of $25.63 and a 1-year high of $28.79. The stock has a market cap of $56.20 million, a P/E ratio of 13.22 and a beta of 0.62. The business has a 50-day simple moving average of $27.30 and a 200 day simple moving average of $27.67.

MarketDesk Focused U.S. Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were issued a $0.1793 dividend. This is an increase from MarketDesk Focused U.S. Dividend ETF’s previous quarterly dividend of $0.1382. This represents a $0.72 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, September 28th.

About MarketDesk Focused U.S. Dividend ETF

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.