iShares Select Dividend ETF (NASDAQ:DVY) Short Interest Up 25.3% in December

iShares Select Dividend ETF (NASDAQ:DVY) saw a large growth in short interest in 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 trading volume of 429,200 shares, the days-to-cover ratio is currently 2.3 days.

Hedge Funds Weigh In On iShares Select Dividend ETF

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

iShares Select Dividend ETF Trading Down 0.8 %

DVY opened at $130.92 on Tuesday. The stock’s 50 day simple moving average is $136.90 and its 200-day simple moving average is $131.82. The stock has a market cap of $19.51 billion, a PE ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1 year low of $112.42 and a 1 year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a dividend of $1.3164 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.