iShares Select Dividend ETF (NASDAQ:DVY) Sees Significant Increase in Short Interest

iShares Select Dividend ETF (NASDAQ:DVY) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 952,700 shares, an increase of 9.6% from the August 31st total of 868,900 shares. Based on an average daily volume of 382,200 shares, the short-interest ratio is presently 2.5 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its holdings in iShares Select Dividend ETF by 1,872.8% in the 1st quarter. Jane Street Group LLC now owns 617,469 shares of the company’s stock valued at $76,060,000 after purchasing an additional 586,170 shares during the period. Miller Howard Investments Inc. NY raised its position in iShares Select Dividend ETF by 400.3% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 315,140 shares of the company’s stock worth $38,126,000 after purchasing an additional 252,150 shares during the period. National Bank of Canada FI lifted its stake in shares of iShares Select Dividend ETF by 72.7% in the 2nd quarter. National Bank of Canada FI now owns 213,193 shares of the company’s stock valued at $25,556,000 after acquiring an additional 89,727 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in iShares Select Dividend ETF by 728.9% in the first quarter. Fifth Third Wealth Advisors LLC now owns 73,108 shares of the company’s stock valued at $9,005,000 after purchasing an additional 64,288 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of iShares Select Dividend ETF by 20.0% in the fourth quarter. Stifel Financial Corp now owns 321,861 shares of the company’s stock worth $37,729,000 after purchasing an additional 53,718 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

DVY stock traded down $0.29 during midday trading on Tuesday, reaching $134.78. 216,973 shares of the company’s stock traded hands, compared to its average volume of 471,583. The firm has a market capitalization of $20.04 billion, a PE ratio of 13.25 and a beta of 0.87. The company has a 50-day moving average price of $131.06 and a two-hundred day moving average price of $125.00. iShares Select Dividend ETF has a 52 week low of $102.66 and a 52 week high of $136.36.

iShares Select Dividend ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were issued a dividend of $1.5496 per share. The ex-dividend date of this dividend was Wednesday, September 25th.

About iShares Select Dividend ETF

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.