MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Sees Large Decline in Short Interest

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,955 shares, a drop of 57.1% from the September 15th total of 4,560 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 9,651 shares, the short-interest ratio is presently 0.2 days.

MarketDesk Focused U.S. Dividend ETF Trading Up 0.1%

Shares of NASDAQ:FDIV traded up $0.04 during mid-day trading on Tuesday, reaching $26.62. The stock had a trading volume of 3,409 shares, compared to its average volume of 15,132. The company has a market cap of $53.23 million, a P/E ratio of 13.22 and a beta of 0.62. MarketDesk Focused U.S. Dividend ETF has a 1 year low of $25.63 and a 1 year high of $28.79. The business’s 50 day moving average price is $27.54 and its 200 day moving average price is $27.59.

MarketDesk Focused U.S. Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were given a dividend of $0.1793 per share. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.7%. This is an increase from MarketDesk Focused U.S. Dividend ETF’s previous quarterly dividend of $0.1382.

MarketDesk Focused U.S. Dividend ETF Company Profile

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.