MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Stock Short Interest Declines 48.0%

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 1,016 shares, a drop of 48.0% from the September 30th total of 1,955 shares. Based on an average daily trading volume, of 19,110 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

MarketDesk Focused U.S. Dividend ETF Trading Up 0.0%

NASDAQ:FDIV traded up $0.01 during mid-day trading on Friday, reaching $28.10. The company’s stock had a trading volume of 1,988 shares, compared to its average volume of 14,422. MarketDesk Focused U.S. Dividend ETF has a 12-month low of $25.63 and a 12-month high of $28.79. The firm’s fifty day moving average price is $27.30 and its two-hundred day moving average price is $27.67. The stock has a market cap of $56.20 million, a P/E ratio of 13.22 and a beta of 0.62.

MarketDesk Focused U.S. Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were given a dividend of $0.1793 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.6%. This is a positive change from MarketDesk Focused U.S. Dividend ETF’s previous quarterly dividend of $0.1382. The ex-dividend date was Monday, September 28th.

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.