Short Interest in MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Increases By 158.2%

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIVGet Free Report) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 5,558 shares, a growth of 158.2% from the April 30th total of 2,153 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 13,698 shares, the short-interest ratio is currently 0.4 days.

MarketDesk Focused U.S. Dividend ETF Stock Performance

FDIV stock traded down $0.03 during mid-day trading on Friday, hitting $27.40. 5,434 shares of the company were exchanged, compared to its average volume of 14,372. The firm has a market cap of $82.75 million, a P/E ratio of 13.22 and a beta of 0.64. The firm’s 50 day simple moving average is $27.35 and its 200 day simple moving average is $27.48. MarketDesk Focused U.S. Dividend ETF has a 1-year low of $25.56 and a 1-year high of $28.79.

MarketDesk Focused U.S. Dividend ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 30th were issued a dividend of $0.1466 per share. This represents a $0.59 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, March 30th.

MarketDesk Focused U.S. Dividend ETF Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for MarketDesk Focused U.S. Dividend ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketDesk Focused U.S. Dividend ETF and related companies with MarketBeat.com's FREE daily email newsletter.