Short Interest in Madison Dividend Value ETF (NYSEARCA:DIVL) Decreases By 24.8%

Madison Dividend Value ETF (NYSEARCA:DIVL) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 185 shares, a drop of 24.8% from the January 15th total of 246 shares. Based on an average trading volume of 1,219 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,219 shares, the days-to-cover ratio is presently 0.2 days.

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 grew its position in Madison Dividend Value ETF (NYSEARCA:DIVL) by 55.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,747 shares of the company’s stock after acquiring an additional 8,492 shares during the quarter. Citadel Advisors LLC owned about 0.90% of Madison Dividend Value ETF worth $553,000 as of its most recent SEC filing.

Madison Dividend Value ETF Trading Up 0.4%

DIVL traded up $0.10 during midday trading on Friday, hitting $25.29. 774 shares of the company traded hands, compared to its average volume of 4,699. The business has a 50 day simple moving average of $23.83 and a two-hundred day simple moving average of $23.17. Madison Dividend Value ETF has a 52-week low of $19.43 and a 52-week high of $25.48. The company has a market capitalization of $67.02 million, a price-to-earnings ratio of 21.24 and a beta of 0.70.

Madison Dividend Value ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 28th were paid a $0.0154 dividend. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a c) dividend on an annualized basis and a yield of 0.7%.

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.