iShares Select Dividend ETF (NASDAQ:DVY) Short Interest Down 34.7% in March

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

iShares Select Dividend ETF Stock Up 1.1 %

DVY traded up $1.50 during trading on Monday, reaching $134.24. 337,877 shares of the company’s stock were exchanged, compared to its average volume of 436,680. The company has a market capitalization of $19.95 billion, a P/E ratio of 15.96 and a beta of 0.87. The business has a 50 day moving average price of $134.70 and a 200 day moving average price of $135.13. iShares Select Dividend ETF has a fifty-two week low of $115.43 and a fifty-two week high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th were issued a dividend of $1.0495 per share. The ex-dividend date of this dividend was Tuesday, March 18th.

Hedge Funds Weigh In On iShares Select Dividend ETF

A number of hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. grew its position in iShares Select Dividend ETF by 340.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares during the last quarter. Transamerica Financial Advisors Inc. bought a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth $27,000. Creative Capital Management Investments LLC acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at $33,000. Roxbury Financial LLC bought a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at about $38,000. Finally, Millstone Evans Group LLC acquired a new position in iShares Select Dividend ETF during the 4th quarter worth about $36,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Company Profile

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.