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

iShares Select Dividend ETF (NASDAQ:DVY) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 993,800 shares, an increase of 25.3% from the November 30th total of 793,000 shares. Based on an average daily volume of 429,200 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Investors Weigh In On iShares Select Dividend ETF

A number of large investors have recently added to or reduced their stakes in DVY. Addison Advisors LLC grew its position in shares of iShares Select Dividend ETF by 107.1% in the second quarter. Addison Advisors LLC now owns 232 shares of the company’s stock valued at $28,000 after purchasing an additional 120 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in iShares Select Dividend ETF during the 3rd quarter valued at $36,000. JDM Financial Group LLC boosted its holdings in iShares Select Dividend ETF by 33.3% in the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after purchasing an additional 75 shares during the period. M&R Capital Management Inc. grew its position in iShares Select Dividend ETF by 1,455.0% in the 3rd quarter. M&R Capital Management Inc. now owns 311 shares of the company’s stock worth $42,000 after purchasing an additional 291 shares during the last quarter. Finally, Fairfield Financial Advisors LTD bought a new position in shares of iShares Select Dividend ETF during the 2nd quarter worth about $47,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock opened at $130.92 on Tuesday. iShares Select Dividend ETF has a one year low of $112.42 and a one year high of $144.09. The company’s fifty day moving average price is $136.90 and its two-hundred day moving average price is $131.82. The company has a market capitalization of $19.51 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a $1.3164 dividend. 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.