MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Short Interest Update

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 15,382 shares, an increase of 1,780.4% from the June 30th total of 818 shares. Based on an average trading volume of 10,055 shares, the short-interest ratio is currently 1.5 days. Approximately 0.6% of the company’s stock are sold short.

MarketDesk Focused U.S. Dividend ETF Price Performance

Shares of NASDAQ FDIV traded up $0.25 during trading on Friday, hitting $27.84. The stock had a trading volume of 215,440 shares, compared to its average volume of 15,630. The firm has a fifty day moving average of $27.71 and a two-hundred day moving average of $27.71. The company has a market capitalization of $72.38 million, a PE ratio of 13.22 and a beta of 0.58. MarketDesk Focused U.S. Dividend ETF has a 12 month low of $25.62 and a 12 month high of $28.79.

MarketDesk Focused U.S. Dividend ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were issued a dividend of $0.1382 per share. The ex-dividend date was Monday, June 29th. This represents a $0.55 annualized dividend and a yield of 2.0%.

About MarketDesk Focused U.S. Dividend ETF

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.