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

by · The Markets Daily

iShares Select Dividend ETF (NASDAQ:DVY – Get Free Report) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 1,399,300 shares, a growth of 22.3% from the January 29th total of 1,143,740 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 517,633 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily volume of 517,633 shares, the days-to-cover ratio is currently 2.7 days. Approximately 1.0% of the shares of the company are short sold.

iShares Select Dividend ETF Stock Down 1.6%

iShares Select Dividend ETF stock traded down $2.47 on Tuesday, hitting $153.47. The company’s stock had a trading volume of 338,513 shares, compared to its average volume of 562,075. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $160.38. The firm has a market cap of $22.38 billion, a P/E ratio of 13.69 and a beta of 0.77. The company has a fifty day moving average price of $149.82 and a 200-day moving average price of $144.14.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $1.6162 per share. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. This represents a $6.46 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Tuesday, December 16th.

Hedge Funds Weigh In On iShares Select Dividend ETF

A number of hedge funds have recently modified their holdings of DVY. Bank of America Corp DE lifted its position in iShares Select Dividend ETF by 3.3% during the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock worth $1,150,568,000 after buying an additional 256,434 shares in the last quarter. Morgan Stanley lifted its position in shares of iShares Select Dividend ETF by 3.6% during the fourth quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after purchasing an additional 224,125 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Select Dividend ETF by 1,771.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after purchasing an additional 6,044,290 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of iShares Select Dividend ETF by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 3,807,955 shares of the company’s stock valued at $537,455,000 after purchasing an additional 69,658 shares in the last quarter. Finally, Royal Bank of Canada raised its position in iShares Select Dividend ETF by 3.9% in the 4th quarter. Royal Bank of Canada now owns 3,073,777 shares of the company’s stock worth $433,832,000 after purchasing an additional 114,490 shares during the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

About iShares Select Dividend ETF

(Get Free Report)

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.

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