Touchstone Dividend Select ETF (NYSEARCA:DVND) Sees Large Growth in Short Interest

Touchstone Dividend Select ETF (NYSEARCA:DVND) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 2,103 shares, an increase of 82.7% from the August 31st total of 1,151 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 724 shares, the days-to-cover ratio is presently 2.9 days.

Touchstone Dividend Select ETF Trading Down 0.6%

NYSEARCA:DVND traded down $0.22 during trading hours on Wednesday, reaching $38.16. 3,878 shares of the company were exchanged, compared to its average volume of 2,028. The stock’s 50-day moving average is $39.29 and its 200-day moving average is $38.07. The firm has a market cap of $53.42 million, a PE ratio of 20.47 and a beta of 0.82. Touchstone Dividend Select ETF has a twelve month low of $33.88 and a twelve month high of $40.12.

Touchstone Dividend Select ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th will be paid a dividend of $0.1650 per share. This is an increase from Touchstone Dividend Select ETF’s previous quarterly dividend of $0.1639. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 29th.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Touchstone Dividend Select ETF stock. Envestnet Asset Management Inc. acquired a new position in Touchstone Dividend Select ETF (NYSEARCA:DVND) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 270,765 shares of the company’s stock, valued at approximately $10,386,000. Envestnet Asset Management Inc. owned about 19.62% of Touchstone Dividend Select ETF at the end of the most recent quarter.

About Touchstone Dividend Select ETF

The Touchstone Dividend Select ETF (DVND) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks current income and capital appreciation by actively selecting US large-cap companies with sustainable competitive advantages that pay reliable, growing dividends at reasonable valuations. DVND was launched on Aug 2, 2022 and is managed by Touchstone.