Madison Dividend Value ETF (NYSEARCA:DIVL) Short Interest Update

Madison Dividend Value ETF (NYSEARCA:DIVL) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 6,400 shares, anincreaseof1,180.0% from the June 30th total of 500 shares. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is presently 1.2 days.

Madison Dividend Value ETF Stock Down 0.8%

Shares of DIVL opened at $22.12 on Monday. The stock has a market capitalization of $59.72 million, a P/E ratio of 21.24 and a beta of 0.69. Madison Dividend Value ETF has a twelve month low of $19.43 and a twelve month high of $22.82. The company has a 50 day moving average of $22.18 and a 200-day moving average of $21.76.

Hedge Funds Weigh In On Madison Dividend Value ETF

An institutional investor recently raised its position in Madison Dividend Value ETF stock. GTS Securities LLC lifted its position in Madison Dividend Value ETF (NYSEARCA:DIVL) by 268.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,466 shares of the company’s stock after buying an additional 25,099 shares during the quarter. GTS Securities LLC owned about 1.08% of Madison Dividend Value ETF worth $732,000 as of its most recent SEC filing.

Madison Dividend Value ETF Company Profile

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.