Short Interest in MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Rises By 118.6%

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 2,153 shares, a growth of 118.6% from the April 15th total of 985 shares. Based on an average daily trading volume, of 22,279 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

MarketDesk Focused U.S. Dividend ETF Trading Down 0.8%

Shares of NASDAQ FDIV opened at $26.93 on Friday. MarketDesk Focused U.S. Dividend ETF has a twelve month low of $25.33 and a twelve month high of $28.79. The stock has a fifty day simple moving average of $27.35 and a 200-day simple moving average of $27.40. The stock has a market capitalization of $81.33 million, a PE ratio of 13.22 and a beta of 0.64.

MarketDesk Focused U.S. Dividend ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 30th were paid a $0.1466 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 2.2%.

About MarketDesk Focused U.S. Dividend ETF

The MarketDesk Focused U.S. Dividend ETF (FDIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is actively managed, investing primarily in US companies that are forecasted to raise their dividends. The fund constructs its portfolio using a quantitative dividend screening methodology with the goal of generating above-average income FDIV was launched on Sep 19, 2023 and is issued by MarketDesk.