Short Interest in Morgan Dempsey Large Cap Value ETF (BATS:MDLV) Grows By 595.8%

Morgan Dempsey Large Cap Value ETF (BATS:MDLV) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 14,333 shares, an increase of 595.8% from the June 30th total of 2,060 shares. Based on an average daily trading volume, of 6,302 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.5% of the company’s stock are short sold.

Morgan Dempsey Large Cap Value ETF Stock Up 1.0%

Shares of BATS MDLV opened at $31.78 on Friday. The firm has a market cap of $30.83 million, a P/E ratio of 16.21 and a beta of 0.53. Morgan Dempsey Large Cap Value ETF has a twelve month low of $26.98 and a twelve month high of $31.94. The company has a 50 day moving average of $31.14 and a 200 day moving average of $30.51.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Diversified Management Inc. lifted its holdings in shares of Morgan Dempsey Large Cap Value ETF by 5.7% during the second quarter. Diversified Management Inc. now owns 96,481 shares of the company’s stock valued at $2,963,000 after purchasing an additional 5,202 shares in the last quarter. Beacon Pointe Advisors LLC increased its holdings in Morgan Dempsey Large Cap Value ETF by 4.8% in the 4th quarter. Beacon Pointe Advisors LLC now owns 377,970 shares of the company’s stock worth $10,722,000 after buying an additional 17,319 shares in the last quarter. OLD Mission Capital LLC purchased a new position in Morgan Dempsey Large Cap Value ETF in the 4th quarter worth about $228,000. Morgan Dempsey Capital Management LLC raised its position in Morgan Dempsey Large Cap Value ETF by 8.8% in the 4th quarter. Morgan Dempsey Capital Management LLC now owns 34,103 shares of the company’s stock worth $967,000 after buying an additional 2,756 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its stake in Morgan Dempsey Large Cap Value ETF by 56.2% during the 3rd quarter. Susquehanna International Group LLP now owns 14,729 shares of the company’s stock valued at $412,000 after acquiring an additional 5,300 shares during the period.

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.