Davis Select U.S. Equity ETF (BATS:DUSA) Stock Short Interest Rises 112.9%

Davis Select U.S. Equity ETF (BATS:DUSA) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 38,115 shares, an increase of 112.9% from the August 31st total of 17,905 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 32,331 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On Davis Select U.S. Equity ETF

Institutional investors have recently added to or reduced their stakes in the stock. Next Level Private LLC lifted its holdings in shares of Davis Select U.S. Equity ETF by 16.7% during the first quarter. Next Level Private LLC now owns 435,158 shares of the company’s stock worth $22,080,000 after purchasing an additional 62,218 shares during the period. Melone Private Wealth LLC increased its stake in Davis Select U.S. Equity ETF by 3.2% in the 2nd quarter. Melone Private Wealth LLC now owns 327,833 shares of the company’s stock valued at $18,418,000 after buying an additional 10,250 shares during the period. Bank of America Corp DE increased its stake in Davis Select U.S. Equity ETF by 6.1% in the 1st quarter. Bank of America Corp DE now owns 1,631,655 shares of the company’s stock valued at $82,790,000 after buying an additional 94,125 shares during the period. Royal Bank of Canada raised its position in Davis Select U.S. Equity ETF by 16.3% during the 1st quarter. Royal Bank of Canada now owns 79,291 shares of the company’s stock worth $4,023,000 after buying an additional 11,115 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Davis Select U.S. Equity ETF by 1,235.3% during the 2nd quarter. IFP Advisors Inc now owns 35,586 shares of the company’s stock worth $1,999,000 after buying an additional 32,921 shares during the last quarter.

Davis Select U.S. Equity ETF Stock Performance

Davis Select U.S. Equity ETF stock traded down $0.21 during midday trading on Tuesday, hitting $55.00. 10,184 shares of the company’s stock were exchanged, compared to its average volume of 52,442. The stock has a market cap of $869 million, a price-to-earnings ratio of 17.61 and a beta of 0.97. Davis Select U.S. Equity ETF has a 12-month low of $46.50 and a 12-month high of $58.53. The firm’s 50 day simple moving average is $56.96 and its 200 day simple moving average is $55.41.

Davis Select U.S. Equity ETF Company Profile

The Davis Select U.S. Equity ETF (DUSA) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed portfolio of US large-cap stocks. The fund seeks long-term capital growth and capital preservation. DUSA was launched on Jan 11, 2017 and is managed by Davis.