Short Interest in MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Decreases By 51.5%

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 5,105 shares, a decline of 51.5% from the July 30th total of 10,533 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 10,971 shares, the days-to-cover ratio is currently 0.5 days.

MarketDesk Focused U.S. Dividend ETF Trading Up 0.1%

NASDAQ:FDIV traded up $0.03 on Friday, reaching $28.45. 1,429 shares of the stock traded hands, compared to its average volume of 15,658. The firm has a market capitalization of $60.03 million, a price-to-earnings ratio of 13.22 and a beta of 0.58. The company’s 50 day moving average is $28.10 and its 200-day moving average is $27.79. MarketDesk Focused U.S. Dividend ETF has a 1-year low of $25.82 and a 1-year high of $28.79.

MarketDesk Focused U.S. Dividend ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were paid a dividend of $0.1382 per share. This represents a $0.55 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, June 29th.

MarketDesk Focused U.S. Dividend ETF Company Profile

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.