Short Interest in MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Decreases By 51.5%

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIVGet Free Report) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 5,105 shares, a drop of 51.5% from the July 30th total of 10,533 shares. Based on an average trading volume of 10,971 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

MarketDesk Focused U.S. Dividend ETF Stock Performance

Shares of NASDAQ:FDIV traded up $0.03 during midday trading on Friday, reaching $28.45. The company’s stock had a trading volume of 1,429 shares, compared to its average volume of 15,658. MarketDesk Focused U.S. Dividend ETF has a fifty-two week low of $25.82 and a fifty-two week high of $28.79. The firm has a 50 day moving average price of $28.10 and a two-hundred day moving average price of $27.79. The firm has a market capitalization of $60.03 million, a price-to-earnings ratio of 13.22 and a beta of 0.58.

MarketDesk Focused U.S. Dividend ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were paid a $0.1382 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.55 annualized dividend and a yield of 1.9%.

About MarketDesk Focused U.S. Dividend ETF

(Get Free Report)

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.

Further Reading

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