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

iShares Select Dividend ETF (NASDAQ:DVY) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,140,000 shares, a growth of 18.7% from the February 13th total of 960,600 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 557,700 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Trading of iShares Select Dividend ETF

Several large investors have recently modified their holdings of DVY. Wealthfront Advisers LLC lifted its position in shares of iShares Select Dividend ETF by 194,486.4% during the 4th quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock worth $3,215,121,000 after buying an additional 24,476,112 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of iShares Select Dividend ETF by 5.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,875,784 shares of the company’s stock valued at $508,852,000 after buying an additional 183,589 shares during the period. Royal Bank of Canada grew its stake in iShares Select Dividend ETF by 4.5% during the fourth quarter. Royal Bank of Canada now owns 2,346,687 shares of the company’s stock worth $308,096,000 after purchasing an additional 100,103 shares during the period. Bank of New York Mellon Corp grew its stake in iShares Select Dividend ETF by 0.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,881,782 shares of the company’s stock worth $247,059,000 after purchasing an additional 13,228 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in iShares Select Dividend ETF by 22.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,695,199 shares of the company’s stock worth $222,563,000 after purchasing an additional 314,358 shares during the period. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $133.48 on Friday. The stock’s fifty day moving average price is $134.51 and its two-hundred day moving average price is $135.07. iShares Select Dividend ETF has a one year low of $115.43 and a one year high of $144.09. The firm has a market cap of $19.71 billion, a price-to-earnings ratio of 15.96 and a beta of 0.88.

iShares Select Dividend ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th will be issued a $1.0495 dividend. The ex-dividend date of this dividend is Tuesday, March 18th.

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.