Morgan Dempsey Large Cap Value ETF (BATS:MDLV) Stock Short Interest Report for October

Morgan Dempsey Large Cap Value ETF (BATS:MDLV) was the target of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 3,377 shares, a decrease of 78.4% from the October 15th total of 15,613 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 5,651 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Morgan Dempsey Large Cap Value ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC purchased a new stake in Morgan Dempsey Large Cap Value ETF during the third quarter valued at $259,000. Diversified Management Inc. boosted its position in Morgan Dempsey Large Cap Value ETF by 4.1% in the third quarter. Diversified Management Inc. now owns 100,481 shares of the company’s stock worth $3,010,000 after purchasing an additional 4,000 shares during the last quarter. NewEdge Advisors LLC purchased a new position in Morgan Dempsey Large Cap Value ETF in the second quarter worth about $131,000. XY Planning Network Inc. bought a new stake in shares of Morgan Dempsey Large Cap Value ETF during the 2nd quarter valued at about $496,000. Finally, Hudock Inc. bought a new stake in shares of Morgan Dempsey Large Cap Value ETF during the 2nd quarter valued at about $109,000.

Morgan Dempsey Large Cap Value ETF Trading Up 0.7%

BATS MDLV opened at $32.21 on Thursday. Morgan Dempsey Large Cap Value ETF has a 12 month low of $27.68 and a 12 month high of $32.53. The stock’s fifty day moving average price is $31.21 and its 200-day moving average price is $30.97. The stock has a market cap of $48.64 million, a P/E ratio of 19.14 and a beta of 0.40.

Morgan Dempsey Large Cap Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were issued a dividend of $0.1882 per share. The ex-dividend date of this dividend was Monday, September 28th. This is a positive change from Morgan Dempsey Large Cap Value ETF’s previous quarterly dividend of $0.1778. This represents a $0.75 annualized dividend and a dividend yield of 2.3%.

About Morgan Dempsey Large Cap Value ETF

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.