Morgan Dempsey Large Cap Value ETF (BATS:MDLV – Get Free Report) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 2,060 shares, a decline of 84.7% from the June 15th total of 13,436 shares. Based on an average trading volume of 7,418 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.
Institutional Investors Weigh In On Morgan Dempsey Large Cap Value ETF
A number of institutional investors and hedge funds have recently modified their holdings of MDLV. OLD Mission Capital LLC bought a new stake in shares of Morgan Dempsey Large Cap Value ETF during the 4th quarter worth $228,000. Susquehanna International Group LLP raised its position in shares of Morgan Dempsey Large Cap Value ETF by 56.2% during the third quarter. Susquehanna International Group LLP now owns 14,729 shares of the company’s stock worth $412,000 after purchasing an additional 5,300 shares during the period. Private Advisor Group LLC raised its position in shares of Morgan Dempsey Large Cap Value ETF by 28.1% during the third quarter. Private Advisor Group LLC now owns 15,488 shares of the company’s stock worth $434,000 after purchasing an additional 3,394 shares during the period. Morgan Dempsey Capital Management LLC raised its position in shares of Morgan Dempsey Large Cap Value ETF by 62.9% during the third quarter. Morgan Dempsey Capital Management LLC now owns 31,347 shares of the company’s stock worth $878,000 after purchasing an additional 12,100 shares during the period. Finally, Diversified Management Inc. purchased a new stake in shares of Morgan Dempsey Large Cap Value ETF during the fourth quarter valued at $2,542,000.
Morgan Dempsey Large Cap Value ETF Trading Up 0.7%
MDLV stock traded up $0.21 on Friday, hitting $31.37. 7,709 shares of the company’s stock traded hands, compared to its average volume of 6,202. The stock has a market cap of $30.43 million, a price-to-earnings ratio of 16.21 and a beta of 0.53. Morgan Dempsey Large Cap Value ETF has a 1-year low of $26.98 and a 1-year high of $31.94. The stock has a fifty day moving average of $31.00 and a 200-day moving average of $30.32.
About Morgan Dempsey Large Cap Value ETF
The Morgan Dempsey Large Cap Value ETF (MDLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to provide exposure to US-listed, large-cap companies believed to be undervalued. Holdings are selected based on fundamental criteria. MDLV was launched on Apr 26, 2023 and is managed by Morgan Dempsey.
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