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

iShares Select Dividend ETF (NASDAQ:DVY) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 744,400 shares, a decline of 34.7% from the February 28th total of 1,140,000 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 530,100 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Trading of iShares Select Dividend ETF

Several large investors have recently bought and sold shares of DVY. Dynamic Technology Lab Private Ltd acquired a new position in iShares Select Dividend ETF in the 3rd quarter worth approximately $314,000. D.A. Davidson & CO. boosted its holdings in shares of iShares Select Dividend ETF by 1.6% in the 3rd quarter. D.A. Davidson & CO. now owns 17,269 shares of the company’s stock valued at $2,333,000 after acquiring an additional 279 shares during the last quarter. FMR LLC increased its stake in shares of iShares Select Dividend ETF by 19.9% in the third quarter. FMR LLC now owns 137,441 shares of the company’s stock worth $18,564,000 after acquiring an additional 22,833 shares during the period. Townsquare Capital LLC lifted its position in iShares Select Dividend ETF by 9.1% during the third quarter. Townsquare Capital LLC now owns 5,161 shares of the company’s stock valued at $697,000 after purchasing an additional 432 shares during the period. Finally, Fiduciary Trust Co grew its position in iShares Select Dividend ETF by 423.6% during the 3rd quarter. Fiduciary Trust Co now owns 13,007 shares of the company’s stock worth $1,757,000 after purchasing an additional 10,523 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock traded down $1.09 during midday trading on Friday, reaching $132.74. The company’s stock had a trading volume of 240,806 shares, compared to its average volume of 436,996. The stock has a market capitalization of $19.73 billion, a P/E ratio of 15.96 and a beta of 0.87. The stock’s 50-day simple moving average is $134.70 and its 200-day simple moving average is $135.09. iShares Select Dividend ETF has a 52-week low of $115.43 and a 52-week high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 18th were paid a $1.0495 dividend. The ex-dividend date of this dividend was 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.