MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Stock Short Interest Report for September

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,955 shares, a drop of 57.1% from the September 15th total of 4,560 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 9,651 shares, the days-to-cover ratio is currently 0.2 days.

MarketDesk Focused U.S. Dividend ETF Stock Performance

Shares of FDIV traded down $0.19 during mid-day trading on Wednesday, hitting $26.49. The company’s stock had a trading volume of 1,666 shares, compared to its average volume of 15,096. MarketDesk Focused U.S. Dividend ETF has a one year low of $25.63 and a one year high of $28.79. The firm has a market capitalization of $52.98 million, a PE ratio of 13.22 and a beta of 0.62. The stock’s 50-day moving average is $27.51 and its two-hundred day moving average is $27.58.

MarketDesk Focused U.S. Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were paid a dividend of $0.1793 per share. This is an increase from MarketDesk Focused U.S. Dividend ETF’s previous quarterly dividend of $0.1382. This represents a $0.72 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, September 28th.

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.