Madison Dividend Value ETF (NYSEARCA:DIVL) Sees Large Increase in Short Interest

Madison Dividend Value ETF (NYSEARCA:DIVL) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,547 shares, a growth of 490.5% from the July 30th total of 262 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 692 shares, the short-interest ratio is presently 2.2 days.

Madison Dividend Value ETF Price Performance

Shares of DIVL stock remained flat at $25.54 during trading hours on Friday. The stock had a trading volume of 582 shares, compared to its average volume of 2,125. The company has a market capitalization of $63.85 million, a PE ratio of 21.24 and a beta of 0.52. Madison Dividend Value ETF has a 12-month low of $22.12 and a 12-month high of $25.95. The business’s 50 day moving average is $25.13 and its two-hundred day moving average is $24.88.

Institutional Trading of Madison Dividend Value ETF

A hedge fund recently bought a new position in Madison Dividend Value ETF stock. Focus Partners Wealth acquired a new position in Madison Dividend Value ETF (NYSEARCA:DIVL) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,269 shares of the company’s stock, valued at approximately $247,000. Focus Partners Wealth owned approximately 0.42% of Madison Dividend Value ETF at the end of the most recent quarter.

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.