Davis Select Financial ETF (BATS:DFNL) Short Interest Update

Davis Select Financial ETF (BATS:DFNL) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 29,988 shares, an increase of 47.2% from the August 31st total of 20,374 shares. Based on an average trading volume of 14,470 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Trading of Davis Select Financial ETF

A number of institutional investors have recently modified their holdings of DFNL. Bank of America Corp DE grew its stake in 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 buying an additional 10,288 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Davis Select Financial ETF by 145.1% during the first quarter. Royal Bank of Canada now owns 126,975 shares of the company’s stock worth $5,694,000 after acquiring an additional 75,169 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Davis Select Financial ETF by 6.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 90,966 shares of the company’s stock worth $4,396,000 after acquiring an additional 5,232 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Davis Select Financial ETF by 4.6% in the first quarter. Sanctuary Advisors LLC now owns 89,380 shares of the company’s stock worth $4,008,000 after acquiring an additional 3,905 shares during the period. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Davis Select Financial ETF by 5.7% in the first quarter. Kestra Advisory Services LLC now owns 45,860 shares of the company’s stock worth $2,056,000 after acquiring an additional 2,473 shares during the period.

Davis Select Financial ETF Stock Performance

Shares of Davis Select Financial ETF stock opened at $48.07 on Friday. The stock has a market capitalization of $319.67 million, a P/E ratio of 13.00 and a beta of 0.97. Davis Select Financial ETF has a 52-week low of $43.13 and a 52-week high of $53.09. The stock’s 50-day simple moving average is $51.25 and its 200 day simple moving average is $48.71.

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.