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

iShares Select Dividend ETF (NASDAQ:DVY) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 771,600 shares, an increase of 19.9% from the October 31st total of 643,300 shares. Based on an average daily volume of 350,500 shares, the short-interest ratio is currently 2.2 days.

Institutional Trading of iShares Select Dividend ETF

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in iShares Select Dividend ETF by 0.4% during the first quarter. Vanguard Group Inc. now owns 31,581 shares of the company’s stock valued at $3,890,000 after purchasing an additional 134 shares during the last quarter. ST Germain D J Co. Inc. grew its position in shares of iShares Select Dividend ETF by 24.1% during the 2nd quarter. ST Germain D J Co. Inc. now owns 1,960 shares of the company’s stock valued at $237,000 after buying an additional 380 shares during the last quarter. Mather Group LLC. raised its stake in iShares Select Dividend ETF by 20.2% during the second quarter. Mather Group LLC. now owns 3,278 shares of the company’s stock worth $404,000 after acquiring an additional 550 shares during the period. Olistico Wealth LLC bought a new position in iShares Select Dividend ETF in the second quarter worth about $86,000. Finally, Kingswood Wealth Advisors LLC lifted its holdings in iShares Select Dividend ETF by 94.4% in the second quarter. Kingswood Wealth Advisors LLC now owns 21,957 shares of the company’s stock worth $2,656,000 after acquiring an additional 10,662 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 1.1 %

Shares of NASDAQ:DVY opened at $141.85 on Tuesday. The company has a 50 day moving average of $136.69 and a two-hundred day moving average of $130.08. iShares Select Dividend ETF has a 52-week low of $112.42 and a 52-week high of $144.09. The company has a market capitalization of $21.07 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were given a $1.5496 dividend. The ex-dividend date was Wednesday, September 25th.

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.