Modiv Industrial, Inc. (NYSE:MDV) Short Interest Update

Modiv Industrial, Inc. (NYSE:MDV) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 12,800 shares, a drop of 53.8% from the February 28th total of 27,700 shares. Based on an average daily trading volume, of 38,400 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Modiv Industrial Trading Down 0.6 %

Modiv Industrial stock traded down $0.10 on Friday, reaching $15.76. 41,801 shares of the stock were exchanged, compared to its average volume of 31,150. The stock has a market cap of $157.08 million, a PE ratio of -143.27 and a beta of -0.22. The firm has a fifty day moving average price of $15.21 and a two-hundred day moving average price of $15.78. Modiv Industrial has a twelve month low of $13.69 and a twelve month high of $18.11.

Modiv Industrial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.0975 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.17 annualized dividend and a dividend yield of 7.42%. Modiv Industrial’s payout ratio is 468.00%.

Hedge Funds Weigh In On Modiv Industrial

Several large investors have recently bought and sold shares of MDV. Millennium Management LLC lifted its position in Modiv Industrial by 154.1% in the fourth quarter. Millennium Management LLC now owns 38,344 shares of the company’s stock worth $571,000 after purchasing an additional 23,251 shares during the period. Marshall Wace LLP acquired a new position in Modiv Industrial in the fourth quarter worth about $339,000. 683 Capital Management LLC bought a new position in Modiv Industrial during the fourth quarter worth about $321,000. Jane Street Group LLC bought a new stake in shares of Modiv Industrial in the 4th quarter valued at approximately $295,000. Finally, Geode Capital Management LLC raised its holdings in shares of Modiv Industrial by 25.3% in the 3rd quarter. Geode Capital Management LLC now owns 91,777 shares of the company’s stock worth $1,543,000 after buying an additional 18,549 shares in the last quarter. 8.21% of the stock is currently owned by institutional investors and hedge funds.

About Modiv Industrial

Modiv Industrial, Inc is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains.