iMGP Berkshire Dividend Growth ETF (NYSEARCA:BDVG) Short Interest Down 71.6% in August

iMGP Berkshire Dividend Growth ETF (NYSEARCA:BDVG) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 7,993 shares, a drop of 71.6% from the August 15th total of 28,121 shares. Based on an average daily trading volume, of 13,889 shares, the short-interest ratio is presently 0.6 days. Approximately 0.6% of the company’s shares are short sold.

iMGP Berkshire Dividend Growth ETF Stock Performance

Shares of NYSEARCA:BDVG traded up $0.22 during midday trading on Friday, hitting $15.16. 1,049 shares of the company’s stock traded hands, compared to its average volume of 9,421. The firm’s fifty day moving average price is $14.92 and its two-hundred day moving average price is $14.14. iMGP Berkshire Dividend Growth ETF has a twelve month low of $12.43 and a twelve month high of $16.64. The company has a market cap of $18.95 million, a PE ratio of 18.66 and a beta of 0.68.

iMGP Berkshire Dividend Growth ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were issued a dividend of $0.0575 per share. This represents a $0.23 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, June 29th. This is an increase from iMGP Berkshire Dividend Growth ETF’s previous quarterly dividend of $0.04.

About iMGP Berkshire Dividend Growth ETF

The IMGP Berkshire Dividend Growth ETF (BDVG) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks income and long-term capital appreciation through an actively managed portfolio of 30 to 40 US large-cap companies with high, stable, and growing dividends. BDVG was launched on Jun 30, 2023 and is managed by iMGP.