Davis Select Financial ETF (BATS:DFNL) Stock Short Interest Falls 70.0%

Davis Select Financial ETF (BATS:DFNL) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 2,874 shares, a decline of 70.0% from the October 15th total of 9,591 shares. Based on an average trading volume of 10,728 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of Davis Select Financial ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in DFNL. Bank of America Corp DE lifted its holdings in shares of Davis Select Financial ETF by 5.2% in the 1st quarter. Bank of America Corp DE now owns 209,529 shares of the company’s stock valued at $9,395,000 after purchasing an additional 10,288 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Davis Select Financial ETF by 145.1% in the 1st quarter. Royal Bank of Canada now owns 126,975 shares of the company’s stock valued at $5,694,000 after purchasing an additional 75,169 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Davis Select Financial ETF in the 3rd quarter valued at about $3,614,000. Envestnet Portfolio Solutions Inc. grew its stake in Davis Select Financial ETF by 53.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 28,323 shares of the company’s stock worth $1,398,000 after buying an additional 9,816 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in Davis Select Financial ETF during the 2nd quarter worth approximately $315,000.

Davis Select Financial ETF Price Performance

BATS DFNL opened at $50.96 on Friday. The company has a fifty day moving average of $49.87 and a two-hundred day moving average of $48.65. The company has a market capitalization of $457.62 million, a PE ratio of 13.33 and a beta of 0.83. Davis Select Financial ETF has a 1 year low of $43.33 and a 1 year high of $53.09.

Davis Select Financial ETF Company Profile

The Davis Select Financial ETF (DFNL) is an exchange-traded fund that is based on the S&P 500 Financials index. The fund is an actively-managed portfolio of global financial sector stocks. The fund seeks long-term growth of capital. DFNL was launched on Jan 11, 2017 and is managed by Davis.