iShares Select Dividend ETF (NASDAQ:DVY) Short Interest Update

iShares Select Dividend ETF (NASDAQ:DVY) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 1,140,000 shares, an increase of 18.7% from the February 13th total of 960,600 shares. Based on an average daily trading volume, of 557,700 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DVY. Thrivent Financial for Lutherans lifted its stake in iShares Select Dividend ETF by 48.0% during the third quarter. Thrivent Financial for Lutherans now owns 34,012 shares of the company’s stock worth $4,594,000 after purchasing an additional 11,032 shares during the period. Prospera Financial Services Inc lifted its stake in iShares Select Dividend ETF by 4.7% during the third quarter. Prospera Financial Services Inc now owns 30,314 shares of the company’s stock worth $4,095,000 after purchasing an additional 1,354 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in iShares Select Dividend ETF by 8.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 132,122 shares of the company’s stock worth $17,846,000 after purchasing an additional 10,637 shares during the period. SouthState Corp lifted its stake in iShares Select Dividend ETF by 11.1% during the third quarter. SouthState Corp now owns 6,056 shares of the company’s stock worth $818,000 after purchasing an additional 606 shares during the period. Finally, Banque Cantonale Vaudoise lifted its stake in iShares Select Dividend ETF by 10.1% during the third quarter. Banque Cantonale Vaudoise now owns 798 shares of the company’s stock worth $108,000 after purchasing an additional 73 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 1.1 %

DVY stock opened at $132.97 on Wednesday. iShares Select Dividend ETF has a twelve month low of $115.43 and a twelve month high of $144.09. The company has a market cap of $19.64 billion, a PE ratio of 15.96 and a beta of 0.88. The business’s 50-day simple moving average is $134.40 and its 200 day simple moving average is $135.09.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, March 18th will be given a dividend of $1.0495 per share. The ex-dividend date is Tuesday, March 18th.

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.