Madison Dividend Value ETF (NYSEARCA:DIVL) Short Interest Down 97.0% in July

Madison Dividend Value ETF (NYSEARCA:DIVL) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 262 shares, a drop of 97.0% from the July 15th total of 8,879 shares. Based on an average daily trading volume, of 646 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Madison Dividend Value ETF

An institutional investor recently raised its position in Madison Dividend Value ETF stock. Citadel Advisors LLC grew its holdings in Madison Dividend Value ETF (NYSEARCA:DIVL) by 55.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,747 shares of the company’s stock after purchasing an additional 8,492 shares during the period. Citadel Advisors LLC owned approximately 0.90% of Madison Dividend Value ETF worth $553,000 at the end of the most recent quarter.

Madison Dividend Value ETF Stock Performance

NYSEARCA:DIVL traded up $0.01 during trading on Wednesday, reaching $25.61. The company’s stock had a trading volume of 223 shares, compared to its average volume of 1,888. The firm has a market cap of $64.03 million, a price-to-earnings ratio of 21.24 and a beta of 0.52. The firm has a 50 day moving average of $24.86 and a 200-day moving average of $24.77. Madison Dividend Value ETF has a 12 month low of $22.12 and a 12 month high of $25.62.

About Madison Dividend Value ETF

The Madison Dividend Value ETF (DIVL) is an exchange-traded fund that mostly invests in total market equity. The fund uses an active approach to invest in stocks from around the globe. The fund seeks current income and capital appreciation by targeting stocks with favorable dividend yields that appear undervalued. DIVL was launched on Aug 14, 2023 and is issued by Madison.