Short Interest in iShares Select Dividend ETF (NASDAQ:DVY) Declines By 8.9%

iShares Select Dividend ETF (NASDAQ:DVY) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 867,500 shares, a drop of 8.9% from the September 15th total of 952,700 shares. Based on an average trading volume of 380,500 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Trading of iShares Select Dividend ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Addison Advisors LLC lifted its holdings in iShares Select Dividend ETF by 107.1% during the second quarter. Addison Advisors LLC now owns 232 shares of the company’s stock worth $28,000 after buying an additional 120 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of iShares Select Dividend ETF during the 2nd quarter worth $30,000. ORG Partners LLC bought a new stake in iShares Select Dividend ETF during the second quarter valued at about $32,000. Family Firm Inc. bought a new stake in iShares Select Dividend ETF during the second quarter valued at about $36,000. Finally, ORG Wealth Partners LLC purchased a new position in iShares Select Dividend ETF in the third quarter valued at about $36,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

DVY traded down $0.56 during trading on Thursday, hitting $136.57. 1,185,866 shares of the stock were exchanged, compared to its average volume of 465,866. The firm has a 50 day simple moving average of $132.62 and a 200 day simple moving average of $126.09. The firm has a market cap of $20.41 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1 year low of $102.66 and a 1 year high of $137.26.

iShares Select Dividend ETF Announces Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were paid a dividend of $1.5496 per share. The ex-dividend date of this dividend was Wednesday, September 25th.

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.