Madison Dividend Value ETF (NYSEARCA:DIVL) Short Interest Update

Madison Dividend Value ETF (NYSEARCA:DIVL) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 584 shares, a decrease of 20.9% from the February 12th total of 738 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 950 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 950 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the stock are sold short.

Madison Dividend Value ETF Stock Performance

Shares of DIVL stock remained flat at $24.43 during midday trading on Tuesday. 422 shares of the company’s stock were exchanged, compared to its average volume of 3,548. Madison Dividend Value ETF has a one year low of $19.43 and a one year high of $25.60. The stock has a market capitalization of $64.74 million, a P/E ratio of 21.24 and a beta of 0.70. The business has a 50 day simple moving average of $24.65 and a 200 day simple moving average of $23.52.

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 issued a dividend of $0.0202 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This is a positive change from Madison Dividend Value ETF’s previous monthly dividend of $0.02. This represents a c) annualized dividend and a yield of 1.0%.

Hedge Funds Weigh In On 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 Madison Dividend Value ETF (NYSEARCA:DIVL) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,269 shares of the company’s stock, valued at approximately $247,000. Focus Partners Wealth owned 0.42% of Madison Dividend Value ETF as of its most recent SEC filing.

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.