Freedom Day Dividend ETF (NYSEARCA:MBOX) Sees Large Growth in Short Interest

Freedom Day Dividend ETF (NYSEARCA:MBOX) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 6,889 shares, a growth of 156.3% from the October 15th total of 2,688 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 3,864 shares, the short-interest ratio is currently 1.8 days.

Freedom Day Dividend ETF Price Performance

Shares of Freedom Day Dividend ETF stock traded up $0.00 during midday trading on Friday, reaching $42.92. The company had a trading volume of 2,081 shares, compared to its average volume of 4,038. The stock has a fifty day moving average price of $41.71 and a 200 day moving average price of $39.91. Freedom Day Dividend ETF has a fifty-two week low of $33.99 and a fifty-two week high of $43.38. The firm has a market cap of $157.53 million, a PE ratio of 18.23 and a beta of 0.77.

Freedom Day Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were issued a dividend of $0.1717 per share. This represents a $0.69 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, September 28th. This is a positive change from Freedom Day Dividend ETF’s previous quarterly dividend of $0.1654.

Freedom Day Dividend ETF Company Profile

The Freedom Day Dividend ETF (MBOX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that seeks dividend growth by selecting US-listed companies the advisor believes to have the greatest potential to provide rising dividends over time. MBOX was launched on May 5, 2021 and is managed by Alpha Architect.