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

iShares Select Dividend ETF (NASDAQ:DVY) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 993,800 shares, a growth of 25.3% from the November 30th total of 793,000 shares. Based on an average daily trading volume, of 429,200 shares, the short-interest ratio is presently 2.3 days.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $130.92 on Tuesday. The firm’s 50 day moving average price is $136.90 and its 200-day moving average price is $131.82. 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 cap of $19.51 billion, a PE ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a $1.3164 dividend. The ex-dividend date was Tuesday, December 17th.

Institutional Trading of iShares Select Dividend ETF

A number of institutional investors have recently made changes to their positions in DVY. NewEdge Advisors LLC raised its position in shares of iShares Select Dividend ETF by 5.6% during the 2nd quarter. NewEdge Advisors LLC now owns 75,747 shares of the company’s stock valued at $9,164,000 after purchasing an additional 4,031 shares during the period. Sequoia Financial Advisors LLC increased its stake in iShares Select Dividend ETF by 2.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 47,836 shares of the company’s stock worth $6,461,000 after buying an additional 1,041 shares in the last quarter. Global Retirement Partners LLC raised its holdings in iShares Select Dividend ETF by 12.0% during the third quarter. Global Retirement Partners LLC now owns 4,232 shares of the company’s stock valued at $572,000 after acquiring an additional 455 shares during the period. Spire Wealth Management lifted its position in shares of iShares Select Dividend ETF by 16.2% in the second quarter. Spire Wealth Management now owns 5,866 shares of the company’s stock valued at $710,000 after acquiring an additional 819 shares in the last quarter. Finally, Founders Financial Securities LLC boosted its stake in shares of iShares Select Dividend ETF by 73.9% in the second quarter. Founders Financial Securities LLC now owns 13,466 shares of the company’s stock worth $1,629,000 after acquiring an additional 5,722 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

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.