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

iShares Select Dividend ETF (NASDAQ:DVY) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totalling 867,500 shares, a decrease of 8.9% from the September 15th total of 952,700 shares. Based on an average daily volume of 380,500 shares, the days-to-cover ratio is presently 2.3 days.

Hedge Funds Weigh In On iShares Select Dividend ETF

Large investors have recently bought and sold shares of the company. Addison Advisors LLC raised its stake in shares of iShares Select Dividend ETF by 107.1% during the second quarter. Addison Advisors LLC now owns 232 shares of the company’s stock valued at $28,000 after acquiring an additional 120 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in iShares Select Dividend ETF in the second quarter valued at $30,000. ORG Partners LLC bought a new position in iShares Select Dividend ETF during the 2nd quarter worth $32,000. Family Firm Inc. acquired a new position in iShares Select Dividend ETF during the 2nd quarter worth about $36,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of iShares Select Dividend ETF in the 3rd quarter valued at about $36,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Down 0.4 %

Shares of NASDAQ:DVY traded down $0.56 during trading on Thursday, hitting $136.57. 1,185,866 shares of the company were exchanged, compared to its average volume of 465,866. iShares Select Dividend ETF has a 1-year low of $102.66 and a 1-year high of $137.26. The company has a market capitalization of $20.41 billion, a P/E ratio of 13.25 and a beta of 0.87. The business’s 50 day moving average is $132.82 and its 200-day moving average is $126.16.

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 issued a $1.5496 dividend. The ex-dividend date of this dividend 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.