iMGP Berkshire Dividend Growth ETF (NYSEARCA:BDVG) Sees Large Decline in Short Interest

iMGP Berkshire Dividend Growth ETF (NYSEARCA:BDVG) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 7,993 shares, a decline of 71.6% from the August 15th total of 28,121 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 13,889 shares, the days-to-cover ratio is currently 0.6 days.

iMGP Berkshire Dividend Growth ETF Stock Down 0.2%

BDVG stock traded down $0.02 during trading on Monday, hitting $15.14. 1,725 shares of the company’s stock traded hands, compared to its average volume of 9,376. The stock has a market capitalization of $18.92 million, a price-to-earnings ratio of 18.66 and a beta of 0.68. iMGP Berkshire Dividend Growth ETF has a 52 week low of $12.43 and a 52 week high of $16.64. The stock has a fifty day moving average price of $14.92 and a two-hundred day moving average price of $14.14.

iMGP Berkshire Dividend Growth ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were given a dividend of $0.0575 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from iMGP Berkshire Dividend Growth ETF’s previous quarterly dividend of $0.04.

About iMGP Berkshire Dividend Growth ETF

The IMGP Berkshire Dividend Growth ETF (BDVG) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks income and long-term capital appreciation through an actively managed portfolio of 30 to 40 US large-cap companies with high, stable, and growing dividends. BDVG was launched on Jun 30, 2023 and is managed by iMGP.