Madison Dividend Value ETF (NYSEARCA:DIVL) Short Interest Up 156.3% in December

Madison Dividend Value ETF (NYSEARCA:DIVL) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 13,298 shares, an increase of 156.3% from the November 30th total of 5,189 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 10,477 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily trading volume, of 10,477 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Investors Weigh In On Madison Dividend Value ETF

A hedge fund recently raised its stake in Madison Dividend Value ETF stock. Citadel Advisors LLC increased its holdings in Madison Dividend Value ETF (NYSEARCA:DIVL) by 55.7% in the third quarter, according to the company in its most recent Form 13F filing 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 0.90% of Madison Dividend Value ETF worth $553,000 as of its most recent SEC filing.

Madison Dividend Value ETF Stock Down 0.3%

Shares of DIVL traded down $0.06 on Friday, hitting $23.17. 169 shares of the stock traded hands, compared to its average volume of 3,468. The firm has a market capitalization of $61.40 million, a P/E ratio of 21.24 and a beta of 0.70. The stock’s 50 day moving average is $22.83 and its two-hundred day moving average is $22.72. Madison Dividend Value ETF has a 1 year low of $19.43 and a 1 year high of $23.42.

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.