Short Interest in MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Declines By 75.0%

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 818 shares, a decline of 75.0% from the June 15th total of 3,270 shares. Based on an average daily volume of 6,334 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

MarketDesk Focused U.S. Dividend ETF Stock Down 0.3%

FDIV opened at $27.82 on Tuesday. The firm has a market capitalization of $72.33 million, a P/E ratio of 13.22 and a beta of 0.58. The stock has a fifty day moving average of $27.62 and a 200-day moving average of $27.68. MarketDesk Focused U.S. Dividend ETF has a 12-month low of $25.62 and a 12-month high of $28.79.

MarketDesk Focused U.S. Dividend ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were given a dividend of $0.1382 per share. This represents a $0.55 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, June 29th.

About MarketDesk Focused U.S. Dividend ETF

The MarketDesk Focused U.S. Dividend ETF (FDIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is actively managed, investing primarily in US companies that are forecasted to raise their dividends. The fund constructs its portfolio using a quantitative dividend screening methodology with the goal of generating above-average income FDIV was launched on Sep 19, 2023 and is issued by MarketDesk.