Mkam Etf (NASDAQ:MKAM) Short Interest Up 77.6% in August

Mkam Etf (NASDAQ:MKAM) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,325 shares, a growth of 77.6% from the August 15th total of 746 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 385 shares, the days-to-cover ratio is presently 3.4 days.

Mkam Etf Price Performance

Shares of NASDAQ:MKAM traded up $0.19 during midday trading on Thursday, hitting $32.26. The company had a trading volume of 15 shares, compared to its average volume of 670. Mkam Etf has a 12-month low of $29.78 and a 12-month high of $32.56. The company has a fifty day moving average of $32.15 and a two-hundred day moving average of $31.54. The company has a market cap of $32.23 million, a price-to-earnings ratio of 24.59 and a beta of 0.41.

Mkam Etf Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were paid a $0.1531 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.61 annualized dividend and a dividend yield of 1.9%.

Mkam Etf Company Profile

The MKAM ETF (MKAM) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund seeks to provide the performance return of US large-cap equities, but with less volatility and downside risk. The actively managed fund utilizes a proprietary multi-factor model to shift the portfolios exposure between equities and fixed income investments. MKAM was launched on Apr 12, 2023 and is managed by MKAM.