Morgan Dempsey Large Cap Value ETF (BATS:MDLV – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 3,849 shares, a drop of 66.6% from the May 14th total of 11,528 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 6,768 shares, the days-to-cover ratio is presently 0.6 days.
Hedge Funds Weigh In On Morgan Dempsey Large Cap Value ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Diversified Management Inc. purchased a new position in shares of Morgan Dempsey Large Cap Value ETF in the 4th quarter valued at about $2,542,000. Envestnet Asset Management Inc. boosted its stake in shares of Morgan Dempsey Large Cap Value ETF by 14.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 507,384 shares of the company’s stock valued at $14,207,000 after buying an additional 62,856 shares during the period. Morgan Dempsey Capital Management LLC boosted its stake in shares of Morgan Dempsey Large Cap Value ETF by 62.9% in the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 31,347 shares of the company’s stock valued at $878,000 after buying an additional 12,100 shares during the period. OLD Mission Capital LLC purchased a new stake in Morgan Dempsey Large Cap Value ETF during the fourth quarter worth approximately $228,000. Finally, Susquehanna International Group LLP lifted its stake in 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 last quarter.
Morgan Dempsey Large Cap Value ETF Stock Performance
Shares of MDLV traded up $0.17 during midday trading on Friday, hitting $31.59. The company had a trading volume of 2,056 shares, compared to its average volume of 6,165. The company’s 50-day simple moving average is $30.63 and its 200-day simple moving average is $29.92. The firm has a market capitalization of $30.64 million, a P/E ratio of 16.21 and a beta of 0.53. Morgan Dempsey Large Cap Value ETF has a 1 year low of $26.63 and a 1 year high of $31.94.
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.
Further Reading
- Five stocks we like better than Morgan Dempsey Large Cap Value ETF
- ERock IPO: A $1.3B Power Play Solution
- The AI Boom Has a Hidden Winner—And It’s Not Nvidia
- SMX: Can Molecular Tracking Technology Become the Next Moonshot?
- Boeing’s Unseen Rebound: Why the Headlines Are Wrong
Receive News & Ratings for Morgan Dempsey Large Cap Value ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Dempsey Large Cap Value ETF and related companies with MarketBeat.com's FREE daily email newsletter.
