Mkam Etf (NASDAQ:MKAM) Sees Significant Increase in Short Interest

Mkam Etf (NASDAQ:MKAM) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 1,325 shares, a growth of 77.6% from the August 15th total of 746 shares. Based on an average daily volume of 385 shares, the days-to-cover ratio is currently 3.4 days. Approximately 0.3% of the shares of the stock are sold short.

Mkam Etf Price Performance

Shares of MKAM stock traded down $0.07 on Wednesday, hitting $32.07. 222 shares of the stock traded hands, compared to its average volume of 674. Mkam Etf has a 52 week low of $29.78 and a 52 week high of $32.56. The firm has a 50 day simple moving average of $32.14 and a two-hundred day simple moving average of $31.54. The firm has a market cap of $32.04 million, a price-to-earnings ratio of 24.59 and a beta of 0.41.

Mkam Etf Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were paid a $0.1531 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, June 29th.

About Mkam Etf

The MKAM ETF (MKAM) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund seeks to provide the performance return of US large-cap equities, but with less volatility and downside risk. The actively managed fund utilizes a proprietary multi-factor model to shift the portfolios exposure between equities and fixed income investments. MKAM was launched on Apr 12, 2023 and is managed by MKAM.