iMGP Berkshire Dividend Growth ETF (NYSEARCA:BDVG) Sees Significant Decrease in Short Interest

iMGP Berkshire Dividend Growth ETF (NYSEARCA:BDVG) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 248 shares, a drop of 97.4% from the October 15th total of 9,652 shares. Based on an average daily volume of 6,475 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

iMGP Berkshire Dividend Growth ETF Price Performance

BDVG stock traded down $0.01 during mid-day trading on Tuesday, hitting $15.18. 9,522 shares of the stock were exchanged, compared to its average volume of 8,651. The business has a fifty day moving average price of $15.05 and a 200 day moving average price of $14.26. iMGP Berkshire Dividend Growth ETF has a 12 month low of $12.43 and a 12 month high of $16.64. The stock has a market capitalization of $23.53 million, a price-to-earnings ratio of 19.65 and a beta of 0.66.

iMGP Berkshire Dividend Growth ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were issued a dividend of $0.0426 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.1%. This is a negative change from iMGP Berkshire Dividend Growth ETF’s previous quarterly dividend of $0.0575.

iMGP Berkshire Dividend Growth ETF Company Profile

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.