iShares Select Dividend ETF (NASDAQ:DVY) Short Interest Down 19.6% in April


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iShares Select Dividend ETF (NASDAQ:DVY) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 634,200 shares, a decrease of 19.6% from the March 31st total of 789,000 shares. Based on an average daily trading volume, of 789,800 shares, the days-to-cover ratio is presently 0.8 days.

DVY traded up $0.39 during trading hours on Tuesday, reaching $120.08. The company’s stock had a trading volume of 690,204 shares, compared to its average volume of 780,568. iShares Select Dividend ETF has a 52 week low of $72.40 and a 52 week high of $120.37. The company’s 50-day moving average is $115.72 and its 200-day moving average is $103.40.

A number of institutional investors and hedge funds have recently bought and sold shares of DVY. Atlantic Union Bankshares Corp bought a new position in iShares Select Dividend ETF during the 1st quarter worth $209,000. Envestnet Asset Management Inc. increased its position in iShares Select Dividend ETF by 18.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,008,019 shares of the company’s stock worth $229,115,000 after buying an additional 319,589 shares during the period. Armor Investment Advisors LLC increased its position in iShares Select Dividend ETF by 15.2% during the 1st quarter. Armor Investment Advisors LLC now owns 3,584 shares of the company’s stock worth $409,000 after buying an additional 472 shares during the period. Commonwealth Equity Services LLC increased its position in iShares Select Dividend ETF by 2.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 575,097 shares of the company’s stock worth $65,618,000 after buying an additional 16,246 shares during the period. Finally, Traynor Capital Management Inc. increased its position in iShares Select Dividend ETF by 13.0% during the 1st quarter. Traynor Capital Management Inc. now owns 41,022 shares of the company’s stock worth $4,680,000 after buying an additional 4,722 shares during the period.

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.

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