Morgan Dempsey Large Cap Value ETF (BATS:MDLV) Stock Short Interest Report for October

Morgan Dempsey Large Cap Value ETF (BATS:MDLV) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 15,613 shares, an increase of 546.5% from the September 30th total of 2,415 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average trading volume of 17,893 shares, the days-to-cover ratio is currently 0.9 days.

Morgan Dempsey Large Cap Value ETF Stock Down 0.1%

Shares of Morgan Dempsey Large Cap Value ETF stock opened at $31.71 on Thursday. The stock’s 50-day simple moving average is $31.19 and its 200-day simple moving average is $30.82. Morgan Dempsey Large Cap Value ETF has a 52 week low of $27.40 and a 52 week high of $32.17. The company has a market capitalization of $30.76 million, a price-to-earnings ratio of 16.21 and a beta of 0.53.

Morgan Dempsey Large Cap Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were issued a $0.1882 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.75 dividend on an annualized basis and a yield of 2.4%. This is a boost from Morgan Dempsey Large Cap Value ETF’s previous quarterly dividend of $0.1778.

Institutional Investors Weigh In On Morgan Dempsey Large Cap Value ETF

A number of institutional investors have recently added to or reduced their stakes in MDLV. Waverly Advisors LLC bought a new position in shares of Morgan Dempsey Large Cap Value ETF during the 2nd quarter valued at about $93,000. Hudock Inc. bought a new stake in Morgan Dempsey Large Cap Value ETF in the second quarter worth $109,000. Diversified Management Inc. boosted its stake in Morgan Dempsey Large Cap Value ETF by 4.1% during the third quarter. Diversified Management Inc. now owns 100,481 shares of the company’s stock worth $3,010,000 after buying an additional 4,000 shares during the period. NewEdge Advisors LLC purchased a new position in Morgan Dempsey Large Cap Value ETF during the second quarter worth $131,000. Finally, Rareview Capital LLC bought a new position in Morgan Dempsey Large Cap Value ETF during the second quarter valued at $159,000.

Morgan Dempsey Large Cap Value ETF Company Profile

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.