Short Interest in Morgan Dempsey Large Cap Value ETF (BATS:MDLV) Declines By 66.6%

Morgan Dempsey Large Cap Value ETF (BATS:MDLV) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 3,849 shares, a decline of 66.6% from the May 14th total of 11,528 shares. Based on an average daily trading volume, of 6,768 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s stock are sold short.

Morgan Dempsey Large Cap Value ETF Price Performance

Shares of Morgan Dempsey Large Cap Value ETF stock opened at $31.60 on Friday. The company has a 50-day moving average of $30.66 and a 200 day moving average of $29.93. The firm has a market cap of $30.65 million, a price-to-earnings ratio of 16.21 and a beta of 0.53. Morgan Dempsey Large Cap Value ETF has a 1 year low of $26.63 and a 1 year high of $31.94.

Hedge Funds Weigh In On Morgan Dempsey Large Cap Value ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its holdings in shares of Morgan Dempsey Large Cap Value ETF by 14.1% during the third quarter. Envestnet Asset Management Inc. now owns 507,384 shares of the company’s stock valued at $14,207,000 after purchasing an additional 62,856 shares during the last quarter. Private Advisor Group LLC increased its position in Morgan Dempsey Large Cap Value ETF by 28.1% during the 3rd quarter. Private Advisor Group LLC now owns 15,488 shares of the company’s stock valued at $434,000 after buying an additional 3,394 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its position in Morgan Dempsey Large Cap Value ETF by 62.9% during the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 31,347 shares of the company’s stock valued at $878,000 after buying an additional 12,100 shares in the last quarter. Susquehanna International Group LLP raised its stake in Morgan Dempsey Large Cap Value ETF by 56.2% during the third quarter. Susquehanna International Group LLP now owns 14,729 shares of the company’s stock valued at $412,000 after buying an additional 5,300 shares during the last quarter. Finally, Diversified Management Inc. purchased a new position in Morgan Dempsey Large Cap Value ETF during the fourth quarter valued at $2,542,000.

Morgan Dempsey Large Cap Value ETF Company Profile

The Morgan Dempsey Large Cap Value ETF (MDLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to provide exposure to US-listed, large-cap companies believed to be undervalued. Holdings are selected based on fundamental criteria. MDLV was launched on Apr 26, 2023 and is managed by Morgan Dempsey.