iShares Select Dividend ETF (NASDAQ:DVY) Short Interest Update

iShares Select Dividend ETF (NASDAQ:DVY) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 996,800 shares, an increase of 38.9% from the January 15th total of 717,500 shares. Based on an average daily volume of 546,500 shares, the days-to-cover ratio is presently 1.8 days.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY traded down $0.03 on Friday, reaching $135.71. The company’s stock had a trading volume of 311,338 shares, compared to its average volume of 534,141. The company has a market cap of $20.17 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $114.37 and a 52-week high of $144.09. The company has a 50-day simple moving average of $133.58 and a 200 day simple moving average of $134.15.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a dividend of $1.3164 per share. The ex-dividend date was Tuesday, December 17th.

Hedge Funds Weigh In On iShares Select Dividend ETF

Large investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. grew its position in iShares Select Dividend ETF by 340.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the last quarter. Transamerica Financial Advisors Inc. purchased a new stake in shares of iShares Select Dividend ETF in the 4th quarter worth approximately $27,000. Creative Capital Management Investments LLC purchased a new stake in iShares Select Dividend ETF during the fourth quarter worth $33,000. Roxbury Financial LLC bought a new stake in iShares Select Dividend ETF during the fourth quarter valued at about $38,000. Finally, Millstone Evans Group LLC bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at about $36,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

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.