Morgan Dempsey Large Cap Value ETF (BATS:MDLV) Short Interest Update

Morgan Dempsey Large Cap Value ETF (BATS:MDLV) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 12,250 shares, a decline of 31.9% from the August 15th total of 17,988 shares. Based on an average daily trading volume, of 9,275 shares, the short-interest ratio is currently 1.3 days. Approximately 1.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Morgan Dempsey Large Cap Value ETF

Institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new position in shares of Morgan Dempsey Large Cap Value ETF in the 2nd quarter worth approximately $565,000. Nwam LLC purchased a new stake in Morgan Dempsey Large Cap Value ETF during the 2nd quarter valued at $4,338,000. XY Planning Network Inc. purchased a new stake in Morgan Dempsey Large Cap Value ETF during the 2nd quarter valued at $496,000. Empirical Finance LLC purchased a new stake in Morgan Dempsey Large Cap Value ETF during the 2nd quarter valued at $1,285,000. Finally, NewEdge Advisors LLC bought a new stake in Morgan Dempsey Large Cap Value ETF in the second quarter worth $131,000.

Morgan Dempsey Large Cap Value ETF Trading Up 0.2%

Shares of BATS MDLV opened at $31.27 on Friday. Morgan Dempsey Large Cap Value ETF has a 12-month low of $27.37 and a 12-month high of $32.17. The firm’s 50-day moving average price is $31.63 and its 200-day moving average price is $31.01. The stock has a market capitalization of $30.33 million, a price-to-earnings ratio of 16.21 and a beta of 0.53.

Morgan Dempsey Large Cap Value ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were paid a dividend of $0.1778 per share. This represents a $0.71 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, June 29th.

About Morgan Dempsey Large Cap Value ETF

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.