Short Interest in Madison Dividend Value ETF (NYSEARCA:DIVL) Expands By 156.3%

Madison Dividend Value ETF (NYSEARCA:DIVL) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 13,298 shares, a growth of 156.3% from the November 30th total of 5,189 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 10,477 shares, the short-interest ratio is presently 1.3 days. Based on an average trading volume of 10,477 shares, the short-interest ratio is presently 1.3 days. Approximately 0.5% of the shares of the company are sold short.

Madison Dividend Value ETF Stock Performance

Shares of DIVL stock traded down $0.06 during trading hours on Friday, reaching $23.17. The company had a trading volume of 169 shares, compared to its average volume of 3,468. The business has a fifty day moving average price of $22.83 and a 200-day moving average price of $22.73. Madison Dividend Value ETF has a one year low of $19.43 and a one year high of $23.42. The firm has a market cap of $61.40 million, a PE ratio of 21.24 and a beta of 0.70.

Hedge Funds Weigh In On Madison Dividend Value ETF

An institutional investor recently bought a new position in Madison Dividend Value ETF stock. Focus Partners Wealth acquired a new position in Madison Dividend Value ETF (NYSEARCA:DIVL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,269 shares of the company’s stock, valued at approximately $247,000. Focus Partners Wealth owned about 0.42% of Madison Dividend Value ETF at the end of the most recent quarter.

Madison Dividend Value ETF Company Profile

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.