Mkam Etf (NASDAQ:MKAM) Shares Shorted: Short Interest Down 42.7% in October

Mkam Etf (NASDAQ:MKAM) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 442 shares, a decline of 42.7% from the September 30th total of 771 shares. Based on an average daily trading volume, of 226 shares, the short-interest ratio is currently 2.0 days. Approximately 0.1% of the company’s shares are sold short.

Mkam Etf Price Performance

Shares of MKAM opened at $32.24 on Tuesday. Mkam Etf has a 1 year low of $29.78 and a 1 year high of $32.56. The company has a market capitalization of $13.54 million, a price-to-earnings ratio of 24.59 and a beta of 0.41. The business has a 50-day moving average of $32.33 and a 200-day moving average of $31.58.

Mkam Etf Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were issued a $0.1471 dividend. The ex-dividend date was Monday, September 28th. This is a drop from Mkam Etf’s previous quarterly dividend of $0.1531. This represents a $0.59 annualized dividend and a yield of 1.8%.

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.