Touchstone Dividend Select ETF (NYSEARCA:DVND) Stock Short Interest Rises 1,813.7%

Touchstone Dividend Select ETF (NYSEARCA:DVND) was the recipient of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 5,588 shares, a growth of 1,813.7% from the October 15th total of 292 shares. Based on an average daily trading volume, of 1,377 shares, the days-to-cover ratio is presently 4.1 days. Currently, 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On Touchstone Dividend Select ETF

An institutional investor recently bought a new position in Touchstone Dividend Select ETF stock. Envestnet Asset Management Inc. purchased a new stake in shares of Touchstone Dividend Select ETF (NYSEARCA:DVND) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 270,765 shares of the company’s stock, valued at approximately $10,386,000. Envestnet Asset Management Inc. owned approximately 19.62% of Touchstone Dividend Select ETF at the end of the most recent quarter.

Touchstone Dividend Select ETF Price Performance

NYSEARCA:DVND traded up $0.12 during mid-day trading on Wednesday, reaching $39.95. The company’s stock had a trading volume of 169 shares, compared to its average volume of 1,881. The company’s fifty day simple moving average is $39.08 and its two-hundred day simple moving average is $38.05. Touchstone Dividend Select ETF has a twelve month low of $33.88 and a twelve month high of $40.26. The stock has a market cap of $55.14 million, a P/E ratio of 21.26 and a beta of 0.82.

Touchstone Dividend Select ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were issued a $0.1650 dividend. This is a positive change from Touchstone Dividend Select ETF’s previous quarterly dividend of $0.1639. The ex-dividend date was Tuesday, September 29th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.7%.

Touchstone Dividend Select ETF Company Profile

The Touchstone Dividend Select ETF (DVND) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks current income and capital appreciation by actively selecting US large-cap companies with sustainable competitive advantages that pay reliable, growing dividends at reasonable valuations. DVND was launched on Aug 2, 2022 and is managed by Touchstone.