Mkam Etf (NASDAQ:MKAM) Sees Significant Increase in Short Interest

Mkam Etf (NASDAQ:MKAM) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,325 shares, a growth of 77.6% from the August 15th total of 746 shares. Based on an average daily volume of 385 shares, the days-to-cover ratio is presently 3.4 days. Approximately 0.3% of the shares of the stock are sold short.

Mkam Etf Stock Performance

MKAM traded down $0.07 during trading on Wednesday, reaching $32.07. 222 shares of the company traded hands, compared to its average volume of 674. The company has a market cap of $32.04 million, a P/E ratio of 24.59 and a beta of 0.41. Mkam Etf has a 12-month low of $29.78 and a 12-month high of $32.56. The firm has a fifty day simple moving average of $32.14 and a 200 day simple moving average of $31.54.

Mkam Etf Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were given a dividend of $0.1531 per share. The ex-dividend date was Monday, June 29th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.9%.

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.