Touchstone Dividend Select ETF (NYSEARCA:DVND) Sees Significant Increase in Short Interest

Touchstone Dividend Select ETF (NYSEARCA:DVND) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 2,103 shares, a growth of 82.7% from the August 31st total of 1,151 shares. Based on an average daily trading volume, of 724 shares, the short-interest ratio is presently 2.9 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of Touchstone Dividend Select ETF

An institutional investor recently bought a new position in Touchstone Dividend Select ETF stock. Envestnet Asset Management Inc. bought a new stake in shares of Touchstone Dividend Select ETF (NYSEARCA:DVND) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 270,765 shares of the company’s stock, valued at approximately $10,386,000. Envestnet Asset Management Inc. owned about 19.62% of Touchstone Dividend Select ETF as of its most recent SEC filing.

Touchstone Dividend Select ETF Price Performance

Shares of NYSEARCA:DVND traded down $0.23 during midday trading on Tuesday, hitting $38.38. 446 shares of the company’s stock were exchanged, compared to its average volume of 2,019. The stock has a 50 day moving average price of $39.29 and a 200-day moving average price of $38.05. The company has a market cap of $53.73 million, a PE ratio of 20.47 and a beta of 0.82. Touchstone Dividend Select ETF has a 12 month low of $33.88 and a 12 month high of $40.12.

Touchstone Dividend Select ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.1650 per share. This is an increase from Touchstone Dividend Select ETF’s previous quarterly dividend of $0.1639. The ex-dividend date is Tuesday, September 29th. This represents a $0.66 dividend on an annualized basis and a 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.