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

iShares Select Dividend ETF (NASDAQ:DVY) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 1,140,000 shares, a growth 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 currently 2.0 days. Currently, 0.8% of the shares of the stock are short sold.

iShares Select Dividend ETF Price Performance

NASDAQ DVY opened at $133.84 on Thursday. The company’s 50 day simple moving average is $134.46 and its 200 day simple moving average is $135.08. iShares Select Dividend ETF has a 12 month low of $115.43 and a 12 month high of $144.09. The company has a market capitalization of $19.77 billion, a P/E ratio of 15.96 and a beta of 0.88.

iShares Select Dividend ETF Cuts Dividend

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

Institutional Trading of iShares Select Dividend ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in DVY. Thrivent Financial for Lutherans raised its holdings in shares of iShares Select Dividend ETF by 48.0% in the 3rd 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 in the last quarter. Prospera Financial Services Inc raised its holdings in shares of 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 valued at $4,095,000 after acquiring an additional 1,354 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in shares of 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 valued at $17,846,000 after acquiring an additional 10,637 shares during the period. SouthState Corp raised its holdings in shares of iShares Select Dividend ETF by 11.1% during the third quarter. SouthState Corp now owns 6,056 shares of the company’s stock valued at $818,000 after acquiring an additional 606 shares during the period. Finally, Banque Cantonale Vaudoise raised its holdings in shares of iShares Select Dividend ETF by 10.1% during the third quarter. Banque Cantonale Vaudoise now owns 798 shares of the company’s stock valued at $108,000 after acquiring an additional 73 shares during the period. 46.08% of the stock is currently owned by institutional investors.

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.