MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,016 shares, a decrease of 48.0% from the September 30th total of 1,955 shares. Based on an average daily volume of 19,110 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.
MarketDesk Focused U.S. Dividend ETF Price Performance
Shares of NASDAQ:FDIV traded up $0.24 during trading on Monday, hitting $28.34. The company had a trading volume of 6,996 shares, compared to its average volume of 14,386. The stock has a market cap of $56.68 million, a price-to-earnings ratio of 13.22 and a beta of 0.62. MarketDesk Focused U.S. Dividend ETF has a one year low of $25.63 and a one year high of $28.79. The company has a fifty day simple moving average of $27.30 and a two-hundred day simple moving average of $27.67.
MarketDesk Focused U.S. Dividend ETF Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were issued a dividend of $0.1793 per share. This represents a $0.72 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, September 28th. This is a boost from MarketDesk Focused U.S. Dividend ETF’s previous quarterly dividend of $0.1382.
MarketDesk Focused U.S. Dividend ETF Company Profile
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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