Morgan Dempsey Large Cap Value ETF (BATS:MDLV) Sees Large Drop in Short Interest

Morgan Dempsey Large Cap Value ETF (BATS:MDLV – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 2,415 shares, a decrease of 80.6% from the September 15th total of 12,477 shares. Based on an average daily trading volume, of 9,254 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Morgan Dempsey Large Cap Value ETF

A number of hedge funds have recently bought and sold shares of the business. Waverly Advisors LLC acquired a new stake in Morgan Dempsey Large Cap Value ETF in the 2nd quarter worth about $93,000. Hudock Inc. bought a new stake in Morgan Dempsey Large Cap Value ETF in the 2nd quarter valued at about $109,000. NewEdge Advisors LLC bought a new stake in Morgan Dempsey Large Cap Value ETF in the 2nd quarter valued at about $131,000. Rareview Capital LLC bought a new stake in Morgan Dempsey Large Cap Value ETF in the 2nd quarter valued at about $159,000. Finally, Atticus Wealth Management LLC acquired a new position in shares of Morgan Dempsey Large Cap Value ETF during the 2nd quarter worth approximately $423,000.

Morgan Dempsey Large Cap Value ETF Trading Up 0.0%

MDLV stock traded up $0.01 during trading hours on Friday, hitting $30.47. 11 shares of the stock were exchanged, compared to its average volume of 7,083. Morgan Dempsey Large Cap Value ETF has a 12 month low of $27.37 and a 12 month high of $32.17. The firm has a market capitalization of $29.56 million, a P/E ratio of 16.21 and a beta of 0.53. The company has a 50-day simple moving average of $31.31 and a two-hundred day simple moving average of $31.00.

Morgan Dempsey Large Cap Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were given a $0.1882 dividend. The ex-dividend date of this dividend was Monday, September 28th. This is a boost from Morgan Dempsey Large Cap Value ETF’s previous quarterly dividend of $0.1778. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.5%.

About Morgan Dempsey Large Cap Value ETF

(Get Free Report)

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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