Madison Dividend Value ETF (NYSEARCA:DIVL) Shares Shorted: Short Interest Down 72.4% in September

Madison Dividend Value ETF (NYSEARCA:DIVL) was the target of a significant drop in short interest in 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,283 shares, the short-interest ratio is presently 0.3 days.

Madison Dividend Value ETF Stock Performance

NYSEARCA DIVL opened at $24.70 on Friday. Madison Dividend Value ETF has a one year low of $22.12 and a one year high of $25.95. The company has a market cap of $60.52 million, a P/E ratio of 21.24 and a beta of 0.52. The business has a fifty day moving average price of $25.35 and a 200 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 is a boost from Madison Dividend Value ETF’s previous monthly dividend of $0.0267. 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.

Madison Dividend Value ETF Company Profile

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.