Short Interest in Madison Dividend Value ETF (NYSEARCA:DIVL) Decreases By 97.0%

Madison Dividend Value ETF (NYSEARCA:DIVL) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 262 shares, a decline of 97.0% from the July 15th total of 8,879 shares. Based on an average trading volume of 646 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Madison Dividend Value ETF Price Performance

Madison Dividend Value ETF stock traded up $0.06 during mid-day trading on Tuesday, reaching $25.60. 125 shares of the stock traded hands, compared to its average volume of 1,900. Madison Dividend Value ETF has a 12-month low of $22.12 and a 12-month high of $25.62. The business’s 50-day moving average is $24.86 and its 200-day moving average is $24.77. The stock has a market capitalization of $64 million, a PE ratio of 21.24 and a beta of 0.52.

Institutional Investors Weigh In On Madison Dividend Value ETF

An institutional investor recently raised its stake in Madison Dividend Value ETF stock. Citadel Advisors LLC lifted its holdings in Madison Dividend Value ETF (NYSEARCA:DIVL) by 55.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,747 shares of the company’s stock after purchasing an additional 8,492 shares during the period. Citadel Advisors LLC owned about 0.90% of Madison Dividend Value ETF worth $553,000 at the end of the most recent reporting period.

About Madison Dividend Value ETF

The Madison Dividend Value ETF (DIVL) is an exchange-traded fund that mostly invests in total market equity. The fund uses an active approach to invest in stocks from around the globe. The fund seeks current income and capital appreciation by targeting stocks with favorable dividend yields that appear undervalued. DIVL was launched on Aug 14, 2023 and is issued by Madison.