Madison Dividend Value ETF (NYSEARCA:DIVL) Short Interest Down 24.8% in January

Madison Dividend Value ETF (NYSEARCA:DIVL) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 185 shares, a decrease of 24.8% from the January 15th total of 246 shares. Based on an average daily trading volume, of 1,219 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,219 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Madison Dividend Value ETF

An institutional investor recently bought a new position in Madison Dividend Value ETF stock. Focus Partners Wealth purchased a new position in shares of Madison Dividend Value ETF (NYSEARCA:DIVL) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,269 shares of the company’s stock, valued at approximately $247,000. Focus Partners Wealth owned approximately 0.42% of Madison Dividend Value ETF as of its most recent filing with the SEC.

Madison Dividend Value ETF Stock Up 0.4%

DIVL stock opened at $25.29 on Tuesday. The firm has a market cap of $67.02 million, a price-to-earnings ratio of 21.24 and a beta of 0.70. The company’s fifty day simple moving average is $23.88 and its 200 day simple moving average is $23.20. Madison Dividend Value ETF has a 12-month low of $19.43 and a 12-month high of $25.48.

Madison Dividend Value ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 28th were given a dividend of $0.0154 per share. The ex-dividend date was Wednesday, January 28th. This represents a c) annualized dividend and a dividend yield of 0.7%.

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. DIVL was launched on Aug 14, 2023 and is issued by Madison.