Madison Dividend Value ETF (NYSEARCA:DIVL) Short Interest Update
by Jessica Moore · The Cerbat GemMadison Dividend Value ETF (NYSEARCA:DIVL – Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 868 shares, an increase of 49.9% from the March 15th total of 579 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 4,517 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Trading of Madison Dividend Value ETF
A hedge fund recently raised its stake in Madison Dividend Value ETF stock. Citadel Advisors LLC increased its position in Madison Dividend Value ETF (NYSEARCA:DIVL – Free Report) by 55.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,747 shares of the company’s stock after buying an additional 8,492 shares during the quarter. Citadel Advisors LLC owned 0.90% of Madison Dividend Value ETF worth $553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Madison Dividend Value ETF Trading Down 0.4%
Shares of DIVL traded down $0.09 during trading hours on Tuesday, reaching $24.63. 355 shares of the company’s stock traded hands, compared to its average volume of 3,658. The stock has a market cap of $60.84 million, a PE ratio of 21.24 and a beta of 0.65. The firm’s 50 day simple moving average is $24.78 and its 200-day simple moving average is $23.71. Madison Dividend Value ETF has a 12 month low of $20.01 and a 12 month high of $25.60.
Madison Dividend Value ETF Increases Dividend
The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were given a $0.0202 dividend. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Wednesday, February 25th. This is a positive change from Madison Dividend Value ETF’s previous monthly dividend of $0.02.
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.