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

iShares Select Dividend ETF (NASDAQ:DVY) was the target of a significant 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. Based on an average daily volume of 557,700 shares, the short-interest ratio is currently 2.0 days. Currently, 0.8% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares Select Dividend ETF

A number of hedge funds have recently added to or reduced their stakes in DVY. JPMorgan Chase & Co. lifted its holdings in shares of iShares Select Dividend ETF by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after purchasing an additional 7,012 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of iShares Select Dividend ETF by 331.9% in the fourth quarter. ORG Partners LLC now owns 488 shares of the company’s stock valued at $64,000 after purchasing an additional 375 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of iShares Select Dividend ETF by 588.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 288,441 shares of the company’s stock valued at $37,869,000 after purchasing an additional 246,540 shares in the last quarter. Regatta Capital Group LLC lifted its holdings in shares of iShares Select Dividend ETF by 6.7% in the fourth quarter. Regatta Capital Group LLC now owns 3,965 shares of the company’s stock valued at $521,000 after purchasing an additional 250 shares in the last quarter. Finally, Fulton Bank N.A. lifted its holdings in iShares Select Dividend ETF by 20.4% during the fourth quarter. Fulton Bank N.A. now owns 26,935 shares of the company’s stock worth $3,536,000 after acquiring an additional 4,568 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock opened at $133.48 on Friday. iShares Select Dividend ETF has a 52 week low of $115.43 and a 52 week high of $144.09. The stock has a 50 day moving average price of $134.51 and a two-hundred day moving average price of $135.07. The stock has a market capitalization of $19.71 billion, a PE 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 paid a $1.0495 dividend. The ex-dividend date 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.