iShares Select Dividend ETF (NASDAQ:DVY) Short Interest Update

iShares Select Dividend ETF (NASDAQ:DVY) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 744,400 shares, a decline of 34.7% from the February 28th total of 1,140,000 shares. Based on an average daily trading volume, of 530,100 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.5% of the shares of the stock are short sold.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY traded down $1.09 during trading on Friday, reaching $132.74. The company had a trading volume of 240,806 shares, compared to its average volume of 436,996. The firm’s fifty day moving average is $134.70 and its 200 day moving average is $135.11. The firm has a market capitalization of $19.73 billion, a PE ratio of 15.96 and a beta of 0.87. iShares Select Dividend ETF has a twelve month low of $115.43 and a twelve month high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th were given a $1.0495 dividend. The ex-dividend date of this dividend was Tuesday, March 18th.

Hedge Funds Weigh In On iShares Select Dividend ETF

Hedge funds have recently modified their holdings of the company. M1 Capital Management LLC bought a new position in iShares Select Dividend ETF during the fourth quarter valued at about $747,000. Chancellor Financial Group WB LP bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth $444,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of iShares Select Dividend ETF by 24.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 190,615 shares of the company’s stock worth $25,026,000 after acquiring an additional 37,350 shares during the last quarter. NorthCrest Asset Manangement LLC raised its position in shares of iShares Select Dividend ETF by 0.7% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 11,978 shares of the company’s stock worth $1,573,000 after purchasing an additional 83 shares during the period. Finally, BridgePort Financial Solutions LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at $313,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

About iShares Select Dividend ETF

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.