Short Interest in iShares International Select Dividend ETF (BATS:IDV) Declines By 64.6%

iShares International Select Dividend ETF (BATS:IDV) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 305,660 shares, a decline of 64.6% from the May 31st total of 863,096 shares. Based on an average daily trading volume, of 1,049,983 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

iShares International Select Dividend ETF Price Performance

Shares of BATS:IDV opened at $41.52 on Tuesday. The company’s fifty day moving average price is $43.87 and its 200-day moving average price is $42.47. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 10.09 and a beta of 0.76. iShares International Select Dividend ETF has a one year low of $34.25 and a one year high of $45.49.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IDV. Ameriprise Financial Inc. increased its stake in iShares International Select Dividend ETF by 1.1% in the second quarter. Ameriprise Financial Inc. now owns 3,947,824 shares of the company’s stock valued at $137,315,000 after acquiring an additional 43,708 shares during the last quarter. Bank of New York Mellon Corp lifted its position in iShares International Select Dividend ETF by 8.2% in the 1st quarter. Bank of New York Mellon Corp now owns 2,872,140 shares of the company’s stock worth $122,238,000 after buying an additional 218,259 shares during the last quarter. JPMorgan Chase & Co. lifted its position in iShares International Select Dividend ETF by 4.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,058,871 shares of the company’s stock worth $41,772,000 after buying an additional 49,313 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in iShares International Select Dividend ETF by 6.5% in the first quarter. Arkadios Wealth Advisors now owns 807,215 shares of the company’s stock worth $34,355,000 after buying an additional 49,561 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in iShares International Select Dividend ETF by 0.7% during the fourth quarter. Parallel Advisors LLC now owns 549,287 shares of the company’s stock valued at $21,669,000 after acquiring an additional 3,600 shares during the last quarter.

About iShares International Select Dividend ETF

iShares International Select Dividend ETF, formerly iShares Dow Jones International Select Dividend Index Fund, seeks investment results that correspond to the price and yield performance of the Dow Jones EPAC 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones World Developed-Ex.