Freedom Day Dividend ETF (NYSEARCA:MBOX) Sees Significant Growth in Short Interest

Freedom Day Dividend ETF (NYSEARCA:MBOX) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 721 shares, an increase of 271.6% from the September 15th total of 194 shares. Based on an average daily volume of 2,838 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Freedom Day Dividend ETF Price Performance

Shares of NYSEARCA:MBOX traded up $0.21 during trading on Monday, hitting $41.24. 5,184 shares of the company were exchanged, compared to its average volume of 4,039. The stock has a market capitalization of $150.11 million, a P/E ratio of 16.38 and a beta of 0.78. Freedom Day Dividend ETF has a 12-month low of $33.99 and a 12-month high of $43.10. The firm’s 50 day moving average price is $41.84 and its 200-day moving average price is $40.17.

Freedom Day Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were paid a dividend of $0.1717 per share. The ex-dividend date was Monday, September 28th. This represents a $0.69 annualized dividend and a yield of 1.7%. This is an increase from Freedom Day Dividend ETF’s previous quarterly dividend of $0.1654.

About Freedom Day Dividend ETF

The Freedom Day Dividend ETF (MBOX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that seeks dividend growth by selecting US-listed companies the advisor believes to have the greatest potential to provide rising dividends over time. MBOX was launched on May 5, 2021 and is managed by Alpha Architect.