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

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 daily trading volume, of 429,200 shares, the short-interest ratio is presently 2.3 days.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $130.92 on Tuesday. iShares Select Dividend ETF has a 52-week low of $112.42 and a 52-week high of $144.09. The firm has a market capitalization of $19.51 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The stock has a 50 day moving average price of $136.90 and a 200 day moving average price of $131.82.

iShares Select Dividend ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a $1.3164 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Investors Weigh In On iShares Select Dividend ETF

Several hedge funds have recently modified their holdings of DVY. International Assets Investment Management LLC lifted its position in shares of iShares Select Dividend ETF by 17,525.9% during the third quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock valued at $590,660,000 after buying an additional 4,348,183 shares during the last quarter. LPL Financial LLC raised its stake in shares of iShares Select Dividend ETF by 4.6% during the 3rd quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock worth $197,989,000 after acquiring an additional 64,620 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in iShares Select Dividend ETF by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after acquiring an additional 7,012 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in iShares Select Dividend ETF by 2.1% in the second quarter. Commonwealth Equity Services LLC now owns 649,767 shares of the company’s stock worth $78,609,000 after purchasing an additional 13,366 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of iShares Select Dividend ETF by 2.9% during the third quarter. Raymond James & Associates now owns 584,439 shares of the company’s stock worth $78,940,000 after purchasing an additional 16,512 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

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.