Short Interest in Madison Dividend Value ETF (NYSEARCA:DIVL) Expands By 490.5%

Madison Dividend Value ETF (NYSEARCA:DIVL) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,547 shares, an increase of 490.5% from the July 30th total of 262 shares. Based on an average daily volume of 692 shares, the short-interest ratio is presently 2.2 days. Approximately 0.1% of the shares of the stock are sold short.

Madison Dividend Value ETF Stock Down 0.5%

NYSEARCA:DIVL opened at $25.82 on Wednesday. The firm has a market capitalization of $64.55 million, a P/E ratio of 21.24 and a beta of 0.52. Madison Dividend Value ETF has a twelve month low of $22.12 and a twelve month high of $25.95. The company has a fifty day moving average of $25.08 and a 200-day moving average of $24.87.

Institutional Trading of Madison Dividend Value ETF

A hedge fund recently bought a new position in Madison Dividend Value ETF stock. Focus Partners Wealth acquired a new stake in shares of Madison Dividend Value ETF (NYSEARCA:DIVL) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 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.