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

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

iShares Select Dividend ETF Price Performance

Shares of DVY stock traded down $0.29 during mid-day trading on Tuesday, hitting $134.78. 216,973 shares of the stock traded hands, compared to its average volume of 471,583. The stock’s fifty day moving average is $131.06 and its two-hundred day moving average is $125.00. iShares Select Dividend ETF has a 52-week low of $102.66 and a 52-week high of $136.36. The stock has a market cap of $20.04 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The company also recently announced a dividend, which was paid on Monday, September 30th. Shareholders 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

A number of large investors have recently made changes to their positions in the business. Gryphon Financial Partners LLC grew its position in iShares Select Dividend ETF by 34.4% during the 4th quarter. Gryphon Financial Partners LLC now owns 19,352 shares of the company’s stock worth $2,268,000 after purchasing an additional 4,955 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of iShares Select Dividend ETF by 3.6% in the 4th quarter. Hsbc Holdings PLC now owns 15,392 shares of the company’s stock valued at $1,804,000 after purchasing an additional 533 shares during the period. Stifel Financial Corp boosted its holdings in iShares Select Dividend ETF by 20.0% during the fourth quarter. Stifel Financial Corp now owns 321,861 shares of the company’s stock worth $37,729,000 after buying an additional 53,718 shares in the last quarter. Fiduciary Trust Co acquired a new stake in iShares Select Dividend ETF during the fourth quarter valued at $299,000. Finally, Brown Brothers Harriman & Co. increased its holdings in iShares Select Dividend ETF by 43.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 6,854 shares of the company’s stock valued at $803,000 after buying an additional 2,060 shares in the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

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.