MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Sees Large Decline in Short Interest

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 818 shares, a decrease of 75.0% from the June 15th total of 3,270 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 6,334 shares, the days-to-cover ratio is currently 0.1 days.

MarketDesk Focused U.S. Dividend ETF Price Performance

MarketDesk Focused U.S. Dividend ETF stock traded up $0.21 during midday trading on Friday, reaching $27.94. The company had a trading volume of 12,314 shares, compared to its average volume of 13,027. MarketDesk Focused U.S. Dividend ETF has a 12-month low of $25.62 and a 12-month high of $28.79. The company has a market capitalization of $72.64 million, a P/E ratio of 13.22 and a beta of 0.58. The firm’s fifty day simple moving average is $27.63 and its 200-day simple moving average is $27.67.

MarketDesk Focused U.S. Dividend ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were issued a $0.1382 dividend. This represents a $0.55 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, June 29th.

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.