MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Short Interest Update

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 5,558 shares, a growth of 158.2% from the April 30th total of 2,153 shares. Based on an average daily trading volume, of 13,698 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

MarketDesk Focused U.S. Dividend ETF Price Performance

Shares of NASDAQ:FDIV traded down $0.18 during trading hours on Monday, hitting $27.22. 2,630 shares of the company’s stock traded hands, compared to its average volume of 14,258. MarketDesk Focused U.S. Dividend ETF has a 1 year low of $25.56 and a 1 year high of $28.79. The business has a fifty day moving average price of $27.35 and a 200-day moving average price of $27.48. The firm has a market capitalization of $82.19 million, a P/E ratio of 13.22 and a beta of 0.64.

MarketDesk Focused U.S. Dividend ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 30th were paid a dividend of $0.1466 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, March 30th.

About MarketDesk Focused U.S. Dividend ETF

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.