MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) Stock Short Interest Declines 57.1%

MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 1,955 shares, a decrease of 57.1% from the September 15th total of 4,560 shares. Based on an average daily trading volume, of 9,651 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

MarketDesk Focused U.S. Dividend ETF Trading Up 0.1%

NASDAQ FDIV traded up $0.04 on Tuesday, hitting $26.62. 3,409 shares of the company traded hands, compared to its average volume of 15,132. The company has a market capitalization of $53.23 million, a price-to-earnings ratio of 13.22 and a beta of 0.62. The business’s 50 day moving average price is $27.54 and its 200-day moving average price is $27.59. MarketDesk Focused U.S. Dividend ETF has a 52-week low of $25.63 and a 52-week high of $28.79.

MarketDesk Focused U.S. Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were given a $0.1793 dividend. The ex-dividend date was Monday, September 28th. This is a positive change from MarketDesk Focused U.S. Dividend ETF’s previous quarterly dividend of $0.1382. This represents a $0.72 dividend on an annualized basis and a yield of 2.7%.

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.