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

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 15,382 shares, a growth of 1,780.4% from the June 30th total of 818 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 10,055 shares, the short-interest ratio is currently 1.5 days.

MarketDesk Focused U.S. Dividend ETF Price Performance

MarketDesk Focused U.S. Dividend ETF stock traded up $0.25 during mid-day trading on Friday, hitting $27.84. The company’s stock had a trading volume of 215,440 shares, compared to its average volume of 15,630. MarketDesk Focused U.S. Dividend ETF has a 52-week low of $25.62 and a 52-week high of $28.79. The company has a market cap of $67.09 million, a PE ratio of 13.22 and a beta of 0.58. The firm’s 50 day moving average is $27.71 and its 200 day moving average is $27.71.

MarketDesk Focused U.S. Dividend ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were given a $0.1382 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, June 29th.

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.