iShares Select Dividend ETF (NASDAQ:DVY) Sees Significant Growth in Short Interest

iShares Select Dividend ETF (NASDAQ:DVY) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 996,800 shares, an increase of 38.9% from the January 15th total of 717,500 shares. Based on an average daily trading volume, of 546,500 shares, the short-interest ratio is currently 1.8 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of iShares Select Dividend ETF by 340.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the last quarter. Transamerica Financial Advisors Inc. bought a new position in shares of iShares Select Dividend ETF during the 4th quarter worth approximately $27,000. Creative Capital Management Investments LLC bought a new position in shares of iShares Select Dividend ETF during the 4th quarter worth approximately $33,000. Millstone Evans Group LLC bought a new position in shares of iShares Select Dividend ETF during the 4th quarter worth approximately $36,000. Finally, Roxbury Financial LLC bought a new position in shares of iShares Select Dividend ETF during the 4th quarter worth approximately $38,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Down 0.0 %

NASDAQ DVY traded down $0.03 on Friday, hitting $135.71. 311,338 shares of the company were exchanged, compared to its average volume of 534,141. The firm has a 50 day moving average of $133.58 and a two-hundred day moving average of $134.15. The company has a market cap of $20.17 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1-year low of $114.37 and a 1-year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a dividend of $1.3164 per share. The ex-dividend date was Tuesday, December 17th.

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.