Short Interest in iShares Select Dividend ETF (NASDAQ:DVY) Expands By 22.3%

iShares Select Dividend ETF (NASDAQ:DVY) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 1,399,300 shares, a growth of 22.3% from the January 29th total of 1,143,740 shares. Based on an average trading volume of 517,633 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.0% of the shares of the stock are short sold. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 517,633 shares, the days-to-cover ratio is currently 2.7 days.

Hedge Funds Weigh In On iShares Select Dividend ETF

A number of institutional investors have recently made changes to their positions in the stock. Caitlin John LLC acquired a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at $25,000. Elevated Capital Advisors LLC purchased a new position in iShares Select Dividend ETF in the 4th quarter valued at about $26,000. Parvin Asset Management LLC purchased a new position in iShares Select Dividend ETF in the 2nd quarter valued at about $27,000. Ransom Advisory Ltd acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth about $27,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of iShares Select Dividend ETF during the 2nd quarter worth about $29,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $154.84 on Thursday. The firm’s 50-day moving average is $150.31 and its two-hundred day moving average is $144.33. The company has a market capitalization of $22.58 billion, a PE ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $160.38.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a dividend of $1.6162 per share. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date was Tuesday, December 16th. This represents a $6.46 dividend on an annualized basis and a yield of 4.2%.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.