Short Interest in Madison Dividend Value ETF (NYSEARCA:DIVL) Declines By 24.8%

Madison Dividend Value ETF (NYSEARCA:DIVL) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 185 shares, a drop of 24.8% from the January 15th total of 246 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,219 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 1,219 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Madison Dividend Value ETF Stock Up 0.4%

Madison Dividend Value ETF stock traded up $0.10 during mid-day trading on Monday, hitting $25.29. The company’s stock had a trading volume of 774 shares, compared to its average volume of 4,699. Madison Dividend Value ETF has a twelve month low of $19.43 and a twelve month high of $25.48. The stock’s fifty day moving average price is $23.83 and its two-hundred day moving average price is $23.18. The stock has a market capitalization of $67.02 million, a P/E ratio of 21.24 and a beta of 0.70.

Madison Dividend Value ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 28th were issued a dividend of $0.0154 per share. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, January 28th.

Institutional Trading of Madison Dividend Value ETF

An institutional investor recently bought a new position in Madison Dividend Value ETF stock. Focus Partners Wealth acquired a new stake in shares of Madison Dividend Value ETF (NYSEARCA:DIVL) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,269 shares of the company’s stock, valued at approximately $247,000. Focus Partners Wealth owned approximately 0.42% of Madison Dividend Value ETF at the end of the most recent quarter.

Madison Dividend Value ETF Company Profile

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.