Short Interest in iShares Select Dividend ETF (NASDAQ:DVY) Decreases By 8.0%

iShares Select Dividend ETF (NASDAQ:DVYGet Rating) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 1,040,000 shares, a drop of 8.0% from the August 15th total of 1,130,000 shares. Based on an average daily trading volume, of 877,300 shares, the days-to-cover ratio is presently 1.2 days.

iShares Select Dividend ETF Trading Up 1.1 %

Shares of DVY opened at $119.68 on Tuesday. The stock has a 50-day simple moving average of $121.43 and a 200-day simple moving average of $123.69. iShares Select Dividend ETF has a 1 year low of $112.29 and a 1 year high of $133.33.

Hedge Funds Weigh In On iShares Select Dividend ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its position in shares of iShares Select Dividend ETF by 1,282.2% during the 4th quarter. BNP Paribas Arbitrage SA now owns 7,934 shares of the company’s stock worth $973,000 after acquiring an additional 7,360 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of iShares Select Dividend ETF by 122.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 151,453 shares of the company’s stock worth $18,568,000 after acquiring an additional 83,518 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth about $3,840,000. GW&K Investment Management LLC acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth about $1,674,000. Finally, Hilltop Holdings Inc. raised its position in shares of iShares Select Dividend ETF by 12.4% during the 4th quarter. Hilltop Holdings Inc. now owns 16,159 shares of the company’s stock worth $1,981,000 after acquiring an additional 1,789 shares in the last quarter.

About iShares Select Dividend ETF

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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.

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