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

iShares Select Dividend ETF (NASDAQ:DVY) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 771,600 shares, a growth of 19.9% from the October 31st total of 643,300 shares. Based on an average daily volume of 350,500 shares, the days-to-cover ratio is presently 2.2 days.

iShares Select Dividend ETF Trading Up 0.2 %

Shares of DVY opened at $143.41 on Friday. The firm’s 50-day moving average is $136.57 and its two-hundred day moving average is $129.93. iShares Select Dividend ETF has a twelve month low of $111.20 and a twelve month high of $144.09. The firm has a market capitalization of $21.30 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

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

Hedge Funds Weigh In On iShares Select Dividend ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Banque Cantonale Vaudoise raised its position in iShares Select Dividend ETF by 10.1% during the third quarter. Banque Cantonale Vaudoise now owns 798 shares of the company’s stock worth $108,000 after acquiring an additional 73 shares during the last quarter. JDM Financial Group LLC raised its position in shares of iShares Select Dividend ETF by 33.3% during the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock worth $41,000 after purchasing an additional 75 shares during the last quarter. Unionview LLC lifted its stake in iShares Select Dividend ETF by 0.7% in the 3rd quarter. Unionview LLC now owns 11,151 shares of the company’s stock valued at $1,506,000 after buying an additional 76 shares in the last quarter. CMG Global Holdings LLC grew its holdings in iShares Select Dividend ETF by 0.5% during the 3rd quarter. CMG Global Holdings LLC now owns 17,284 shares of the company’s stock valued at $2,335,000 after buying an additional 80 shares during the last quarter. Finally, Pathway Financial Advisers LLC grew its holdings in iShares Select Dividend ETF by 1.4% during the 2nd quarter. Pathway Financial Advisers LLC now owns 6,137 shares of the company’s stock valued at $740,000 after buying an additional 84 shares during the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

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.