Short Interest in MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Decreases By 61.9%

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 3,270 shares, a decline of 61.9% from the May 31st total of 8,583 shares. Based on an average daily trading volume, of 7,967 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

MarketDesk Focused U.S. Dividend ETF Price Performance

MarketDesk Focused U.S. Dividend ETF stock opened at $28.26 on Friday. The company has a market cap of $85.35 million, a price-to-earnings ratio of 13.22 and a beta of 0.60. The firm has a 50-day moving average of $27.64 and a 200-day moving average of $27.63. MarketDesk Focused U.S. Dividend ETF has a one year low of $25.62 and a one year high of $28.79.

About MarketDesk Focused U.S. Dividend ETF

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.