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

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 5,558 shares, an increase of 158.2% from the April 30th total of 2,153 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 13,698 shares, the days-to-cover ratio is presently 0.4 days.

MarketDesk Focused U.S. Dividend ETF Stock Down 0.1%

NASDAQ FDIV traded down $0.03 on Friday, reaching $27.40. The stock had a trading volume of 5,434 shares, compared to its average volume of 14,372. The firm has a market capitalization of $82.75 million, a price-to-earnings ratio of 13.22 and a beta of 0.64. MarketDesk Focused U.S. Dividend ETF has a 12-month low of $25.56 and a 12-month high of $28.79. The stock has a fifty day moving average price of $27.35 and a two-hundred day moving average price of $27.48.

MarketDesk Focused U.S. Dividend ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 30th were given a $0.1466 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.59 dividend on an annualized basis and a yield of 2.1%.

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.