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

iShares Select Dividend ETF (NASDAQ:DVY) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 868,900 shares, a growth of 29.0% from the August 15th total of 673,600 shares. Based on an average trading volume of 404,900 shares, the short-interest ratio is currently 2.1 days.

Institutional Investors Weigh In On iShares Select Dividend ETF

A number of hedge funds and other institutional investors have recently modified their holdings of DVY. Addison Advisors LLC raised its holdings in iShares Select Dividend ETF by 107.1% during the second quarter. Addison Advisors LLC now owns 232 shares of the company’s stock worth $28,000 after purchasing an additional 120 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of iShares Select Dividend ETF in the 2nd quarter worth $30,000. ORG Partners LLC bought a new stake in shares of iShares Select Dividend ETF in the 2nd quarter worth $32,000. Family Firm Inc. acquired a new stake in shares of iShares Select Dividend ETF in the second quarter valued at $36,000. Finally, Triad Wealth Partners LLC bought a new position in iShares Select Dividend ETF during the second quarter valued at about $40,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Up 1.0 %

DVY stock traded up $1.28 during trading on Monday, reaching $134.92. 947,677 shares of the company’s stock were exchanged, compared to its average volume of 482,234. iShares Select Dividend ETF has a 1-year low of $102.66 and a 1-year high of $135.10. The firm has a market cap of $20.06 billion, a PE ratio of 13.25 and a beta of 0.87. The company’s fifty day moving average price is $129.15 and its 200-day moving average price is $123.88.

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.