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) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 15,613 shares, an increase of 546.5% from the September 30th total of 2,415 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily volume of 17,893 shares, the days-to-cover ratio is currently 0.9 days.

Morgan Dempsey Large Cap Value ETF Stock Up 0.1%

Shares of BATS:MDLV opened at $31.73 on Wednesday. The firm has a market cap of $30.78 million, a P/E ratio of 16.21 and a beta of 0.53. Morgan Dempsey Large Cap Value ETF has a 12 month low of $27.40 and a 12 month high of $32.17. The company’s 50-day moving average price is $31.20 and its two-hundred day moving average price is $30.80.

Morgan Dempsey Large Cap Value ETF Increases Dividend

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

Institutional Trading of Morgan Dempsey Large Cap Value ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Diversified Management Inc. increased its stake in shares of Morgan Dempsey Large Cap Value ETF by 4.1% in the 3rd quarter. Diversified Management Inc. now owns 100,481 shares of the company’s stock valued at $3,010,000 after buying an additional 4,000 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Morgan Dempsey Large Cap Value ETF during the second quarter worth $131,000. XY Planning Network Inc. bought a new stake in shares of Morgan Dempsey Large Cap Value ETF during the second quarter worth $496,000. Hudock Inc. acquired a new position in shares of Morgan Dempsey Large Cap Value ETF during the second quarter valued at $109,000. Finally, Waverly Advisors LLC acquired a new position in shares of Morgan Dempsey Large Cap Value ETF during the second quarter valued at $93,000.

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.