Madison Dividend Value ETF (NYSEARCA:DIVL – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 414 shares, a drop of 72.4% from the August 31st total of 1,500 shares. Based on an average trading volume of 1,283 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short.
Madison Dividend Value ETF Stock Performance
Shares of DIVL stock traded up $0.03 during mid-day trading on Friday, reaching $24.70. 86 shares of the company’s stock traded hands, compared to its average volume of 1,997. The firm has a market capitalization of $60.52 million, a PE ratio of 21.24 and a beta of 0.52. Madison Dividend Value ETF has a 12 month low of $22.12 and a 12 month high of $25.95. The firm has a 50 day moving average price of $25.35 and a two-hundred day moving average price of $24.86.
Madison Dividend Value ETF Increases Dividend
The business also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Thursday, August 27th were given a dividend of $0.0390 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, August 27th. This is an increase from Madison Dividend Value ETF’s previous monthly dividend of $0.0267.
About Madison Dividend Value ETF
The Madison Dividend Value ETF (DIVL) is an exchange-traded fund that mostly invests in total market equity. The fund uses an active approach to invest in stocks from around the globe. The fund seeks current income and capital appreciation by targeting stocks with favorable dividend yields that appear undervalued. DIVL was launched on Aug 14, 2023 and is issued by Madison.
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