Morgan Dempsey Large Cap Value ETF (BATS:MDLV) Stock Short Interest Drops 78.4%

Morgan Dempsey Large Cap Value ETF (BATS:MDLV) saw a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 3,377 shares, a decrease of 78.4% from the October 15th total of 15,613 shares. Based on an average daily volume of 5,651 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are short sold.

Morgan Dempsey Large Cap Value ETF Stock Down 0.2%

Shares of MDLV opened at $32.16 on Friday. Morgan Dempsey Large Cap Value ETF has a 12-month low of $27.68 and a 12-month high of $32.53. The business’s fifty day moving average is $31.22 and its 200 day moving average is $30.98. The stock has a market cap of $48.56 million, a P/E ratio of 19.14 and a beta of 0.40.

Morgan Dempsey Large Cap Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were paid a dividend of $0.1882 per share. This is a boost from Morgan Dempsey Large Cap Value ETF’s previous quarterly dividend of $0.1778. The ex-dividend date was Monday, September 28th. This represents a $0.75 dividend on an annualized basis and a yield of 2.3%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Nwam LLC bought a new position in shares of Morgan Dempsey Large Cap Value ETF in the second quarter valued at $4,338,000. Ameritas Advisory Services LLC acquired a new position in shares of Morgan Dempsey Large Cap Value ETF during the second quarter valued at about $565,000. Empirical Finance LLC bought a new stake in shares of Morgan Dempsey Large Cap Value ETF during the second quarter worth about $1,285,000. XY Planning Network Inc. bought a new stake in shares of Morgan Dempsey Large Cap Value ETF during the second quarter worth about $496,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Morgan Dempsey Large Cap Value ETF during the second quarter worth about $131,000.

About Morgan Dempsey Large Cap Value ETF

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.