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

iShares Select Dividend ETF (NASDAQ:DVY) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 1,214,819 shares, an increase of 84.5% from the September 28th total of 658,530 shares. Based on an average daily trading volume, of 636,404 shares, the days-to-cover ratio is currently 1.9 days.

Several large investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted its stake in shares of iShares Select Dividend ETF by 1.3% during the second quarter. Morgan Stanley now owns 4,639,734 shares of the company’s stock valued at $453,487,000 after purchasing an additional 59,392 shares during the period. Bank of Montreal Can boosted its stake in shares of iShares Select Dividend ETF by 11.7% during the third quarter. Bank of Montreal Can now owns 1,182,838 shares of the company’s stock valued at $117,999,000 after purchasing an additional 123,640 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of iShares Select Dividend ETF by 48.5% during the second quarter. Envestnet Asset Management Inc. now owns 927,553 shares of the company’s stock valued at $90,661,000 after purchasing an additional 302,929 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares Select Dividend ETF by 0.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 824,200 shares of the company’s stock valued at $80,556,000 after purchasing an additional 7,542 shares during the period. Finally, Northside Capital Management LLC purchased a new stake in shares of iShares Select Dividend ETF during the second quarter valued at approximately $78,203,000.

Shares of DVY opened at $94.09 on Monday. iShares Select Dividend ETF has a 1 year low of $91.67 and a 1 year high of $102.54.



The company also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Shareholders of record on Thursday, September 27th were paid a $0.859 dividend. The ex-dividend date was Wednesday, September 26th. This represents a $3.44 annualized dividend and a yield of 3.65%. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $0.80.

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.

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