Madison Dividend Value ETF (NYSEARCA:DIVL) Sees Large Increase in Short Interest

Madison Dividend Value ETF (NYSEARCA:DIVL) was the recipient of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 971 shares, a growth of 670.6% from the October 15th total of 126 shares. Based on an average daily volume of 1,069 shares, the short-interest ratio is currently 0.9 days. Approximately 0.0% of the company’s shares are short sold.

Madison Dividend Value ETF Price Performance

Madison Dividend Value ETF stock traded up $0.01 during midday trading on Thursday, reaching $26.59. The stock had a trading volume of 17 shares, compared to its average volume of 1,870. Madison Dividend Value ETF has a twelve month low of $22.12 and a twelve month high of $26.74. The firm has a market cap of $64.35 million, a price-to-earnings ratio of 21.24 and a beta of 0.50. The firm’s fifty day simple moving average is $25.38 and its two-hundred day simple moving average is $25.01.

About Madison Dividend Value ETF

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.