Mkam Etf (NASDAQ:MKAM) Shares Shorted: Short Interest Down 42.7% in October

Mkam Etf (NASDAQ:MKAM) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 442 shares, a decrease of 42.7% from the September 30th total of 771 shares. Based on an average trading volume of 226 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.1% of the company’s stock are sold short.

Mkam Etf Price Performance

Shares of NASDAQ MKAM traded up $0.18 during mid-day trading on Monday, hitting $32.24. The company had a trading volume of 7 shares, compared to its average volume of 593. The company has a market capitalization of $13.54 million, a PE ratio of 24.59 and a beta of 0.41. The business’s 50-day simple moving average is $32.33 and its 200 day simple moving average is $31.57. Mkam Etf has a 1-year low of $29.78 and a 1-year high of $32.56.

Mkam Etf Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were issued a dividend of $0.1471 per share. This is a negative change from Mkam Etf’s previous quarterly dividend of $0.1531. The ex-dividend date was Monday, September 28th. This represents a $0.59 annualized dividend and a yield of 1.8%.

About Mkam Etf

The MKAM ETF (MKAM) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund seeks to provide the performance return of US large-cap equities, but with less volatility and downside risk. The actively managed fund utilizes a proprietary multi-factor model to shift the portfolios exposure between equities and fixed income investments. MKAM was launched on Apr 12, 2023 and is managed by MKAM.