MarketWise, Inc. (NASDAQ:MKTW) Short Interest Down 15.8% in April

MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totalling 115,900 shares, a decrease of 15.8% from the March 31st total of 137,700 shares. Based on an average daily trading volume, of 36,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 7.1% of the shares of the stock are short sold.

MarketWise Price Performance

MarketWise stock traded up $0.03 during mid-day trading on Thursday, hitting $13.74. 19,749 shares of the company were exchanged, compared to its average volume of 35,007. MarketWise has a 12-month low of $9.07 and a 12-month high of $33.60. The business's 50 day simple moving average is $12.28 and its two-hundred day simple moving average is $11.65. The company has a market capitalization of $222.93 million, a P/E ratio of 114.51 and a beta of 0.36.

MarketWise (NASDAQ:MKTW - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The newsletter publisher reported $0.41 EPS for the quarter. MarketWise had a negative return on equity of 1.89% and a net margin of 1.20%.

MarketWise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, May 15th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend is Thursday, May 15th. MarketWise's payout ratio is 23.53%.

Institutional Trading of MarketWise

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of MarketWise by 118.4% during the third quarter. JPMorgan Chase & Co. now owns 70,768 shares of the newsletter publisher's stock worth $47,000 after purchasing an additional 38,364 shares during the last quarter. Geode Capital Management LLC boosted its stake in MarketWise by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 818,814 shares of the newsletter publisher's stock worth $547,000 after buying an additional 32,295 shares during the last quarter. Barclays PLC grew its holdings in MarketWise by 260.4% in the 3rd quarter. Barclays PLC now owns 51,689 shares of the newsletter publisher's stock valued at $34,000 after buying an additional 37,347 shares during the period. Williams & Novak LLC increased its stake in shares of MarketWise by 88.8% during the 4th quarter. Williams & Novak LLC now owns 287,500 shares of the newsletter publisher's stock valued at $163,000 after acquiring an additional 135,200 shares during the last quarter. Finally, MTM Investment Management LLC lifted its holdings in shares of MarketWise by 42.8% during the 4th quarter. MTM Investment Management LLC now owns 186,263 shares of the newsletter publisher's stock worth $106,000 after acquiring an additional 55,820 shares during the period. 23.04% of the stock is owned by hedge funds and other institutional investors.

MarketWise Company Profile

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.