Madison Dividend Value ETF (NYSEARCA:DIVL) Shares Shorted: Short Interest Down 72.4% in September

Madison Dividend Value ETF (NYSEARCA:DIVL) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 414 shares, a decline of 72.4% from the August 31st total of 1,500 shares. Based on an average daily volume of 1,283 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Madison Dividend Value ETF Stock Performance

Shares of DIVL opened at $24.70 on Friday. The firm’s 50-day simple moving average is $25.35 and its two-hundred day simple moving average is $24.86. Madison Dividend Value ETF has a fifty-two week low of $22.12 and a fifty-two week high of $25.95. The stock has a market cap of $60.52 million, a PE ratio of 21.24 and a beta of 0.52.

Madison Dividend Value ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Thursday, August 27th were paid a $0.0390 dividend. This is a boost from Madison Dividend Value ETF’s previous monthly dividend of $0.0267. This represents a $0.47 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Thursday, August 27th.

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.