Morgan Dempsey Large Cap Value ETF (BATS:MDLV) Stock Short Interest Rises 546.5%

Morgan Dempsey Large Cap Value ETF (BATS:MDLV) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 15,613 shares, an increase of 546.5% from the September 30th total of 2,415 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily trading volume, of 17,893 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Morgan Dempsey Large Cap Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MDLV. Diversified Management Inc. raised its holdings in shares of Morgan Dempsey Large Cap Value ETF by 4.1% during the third quarter. Diversified Management Inc. now owns 100,481 shares of the company’s stock worth $3,010,000 after acquiring an additional 4,000 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Morgan Dempsey Large Cap Value ETF in the 2nd quarter worth about $131,000. XY Planning Network Inc. purchased a new stake in shares of Morgan Dempsey Large Cap Value ETF during the 2nd quarter worth about $496,000. Hudock Inc. purchased a new stake in shares of Morgan Dempsey Large Cap Value ETF during the 2nd quarter worth about $109,000. Finally, Waverly Advisors LLC acquired a new stake in shares of Morgan Dempsey Large Cap Value ETF during the 2nd quarter valued at about $93,000.

Morgan Dempsey Large Cap Value ETF Trading Up 0.3%

Shares of Morgan Dempsey Large Cap Value ETF stock opened at $31.69 on Tuesday. The stock has a 50-day moving average price of $31.21 and a 200 day moving average price of $30.77. The company has a market cap of $30.74 million, a P/E ratio of 16.21 and a beta of 0.53. Morgan Dempsey Large Cap Value ETF has a 1 year low of $27.40 and a 1 year high of $32.17.

Morgan Dempsey Large Cap Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were paid a $0.1882 dividend. The ex-dividend date was Monday, September 28th. This represents a $0.75 annualized dividend and a yield of 2.4%. This is a boost from Morgan Dempsey Large Cap Value ETF’s previous quarterly dividend of $0.1778.

Morgan Dempsey Large Cap Value ETF Company Profile

The Morgan Dempsey Large Cap Value ETF (MDLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to provide exposure to US-listed, large-cap companies believed to be undervalued. Holdings are selected based on fundamental criteria. MDLV was launched on Apr 26, 2023 and is managed by Morgan Dempsey.