Morgan Dempsey Large Cap Value ETF (BATS:MDLV) Shares Shorted: Short Interest Up 546.5% in October

Morgan Dempsey Large Cap Value ETF (BATS:MDLV) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 15,613 shares, a growth of 546.5% from the September 30th total of 2,415 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily volume of 17,893 shares, the short-interest ratio is currently 0.9 days.

Morgan Dempsey Large Cap Value ETF Stock Performance

BATS MDLV opened at $31.69 on Tuesday. Morgan Dempsey Large Cap Value ETF has a twelve month low of $27.40 and a twelve month high of $32.17. The stock has a market capitalization of $30.74 million, a PE ratio of 16.21 and a beta of 0.53. The stock has a 50-day simple moving average of $31.21 and a 200 day simple moving average of $30.77.

Morgan Dempsey Large Cap Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were given a $0.1882 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.75 annualized dividend and a yield of 2.4%. This is an increase from Morgan Dempsey Large Cap Value ETF’s previous quarterly dividend of $0.1778.

Institutional Investors Weigh In On Morgan Dempsey Large Cap Value ETF

Several hedge funds have recently modified their holdings of MDLV. Waverly Advisors LLC acquired a new stake in shares of Morgan Dempsey Large Cap Value ETF in the second quarter worth $93,000. Hudock Inc. acquired a new position in Morgan Dempsey Large Cap Value ETF during the 2nd quarter valued at $109,000. NewEdge Advisors LLC acquired a new position in Morgan Dempsey Large Cap Value ETF during the 2nd quarter valued at $131,000. Rareview Capital LLC bought a new stake in Morgan Dempsey Large Cap Value ETF in the 2nd quarter valued at $159,000. Finally, Atticus Wealth Management LLC bought a new stake in Morgan Dempsey Large Cap Value ETF in the 2nd quarter valued at $423,000.

Morgan Dempsey Large Cap Value ETF Company Profile

The Morgan Dempsey Large Cap Value ETF (MDLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to provide exposure to US-listed, large-cap companies believed to be undervalued. Holdings are selected based on fundamental criteria. MDLV was launched on Apr 26, 2023 and is managed by Morgan Dempsey.