MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV – Get Free Report) 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 shares of the company are sold short. Based on an average trading volume of 13,698 shares, the days-to-cover ratio is currently 0.4 days.
MarketDesk Focused U.S. Dividend ETF Stock Down 0.1%
Shares of MarketDesk Focused U.S. Dividend ETF stock traded down $0.03 during trading on Friday, reaching $27.40. The company’s stock had a trading volume of 5,434 shares, compared to its average volume of 14,372. The business’s 50-day moving average price is $27.35 and its 200-day moving average price is $27.48. The firm has a market cap of $82.75 million, a PE ratio of 13.22 and a beta of 0.64. MarketDesk Focused U.S. Dividend ETF has a 52 week low of $25.56 and a 52 week high of $28.79.
MarketDesk Focused U.S. Dividend ETF Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 30th were given a $0.1466 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, March 30th.
About MarketDesk Focused U.S. Dividend ETF
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.
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