iShares Select Dividend ETF (NASDAQ:DVY) Short Interest Update

iShares Select Dividend ETF (NASDAQ:DVY) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 718,700 shares, an increase of 18.1% from the May 31st total of 608,800 shares. Based on an average daily trading volume, of 445,700 shares, the short-interest ratio is currently 1.6 days.

iShares Select Dividend ETF Price Performance

Shares of iShares Select Dividend ETF stock opened at $120.98 on Friday. The business has a fifty day simple moving average of $121.98 and a two-hundred day simple moving average of $119.10. iShares Select Dividend ETF has a 1 year low of $102.66 and a 1 year high of $125.99. The company has a market capitalization of $18.38 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were issued a dividend of $0.9304 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Tuesday, June 11th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mosaic Family Wealth Partners LLC boosted its holdings in shares of iShares Select Dividend ETF by 2.3% during the first quarter. Mosaic Family Wealth Partners LLC now owns 17,220 shares of the company’s stock worth $2,121,000 after acquiring an additional 382 shares during the period. Pathway Financial Advisers LLC acquired a new position in iShares Select Dividend ETF in the 1st quarter valued at $746,000. Cetera Advisors LLC grew its holdings in iShares Select Dividend ETF by 23.0% in the 1st quarter. Cetera Advisors LLC now owns 79,529 shares of the company’s stock valued at $9,796,000 after buying an additional 14,851 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of iShares Select Dividend ETF during the first quarter worth $155,000. Finally, Western Pacific Wealth Management LP boosted its position in shares of iShares Select Dividend ETF by 141.0% in the first quarter. Western Pacific Wealth Management LP now owns 3,140 shares of the company’s stock valued at $387,000 after acquiring an additional 1,837 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Company Profile

iShares Select Dividend ETF, formerly iShares Dow Jones Select Dividend Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Dividend Index (the Index). The Index measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time.