iShares Select Dividend ETF (NASDAQ:DVY) was the target of a large drop in short interest during the month of March. As of March 29th, there was short interest totalling 885,645 shares, a drop of 27.0% from the March 15th total of 1,212,668 shares. Based on an average daily volume of 834,876 shares, the short-interest ratio is currently 1.1 days.
Shares of NASDAQ DVY opened at $96.64 on Tuesday. iShares Select Dividend ETF has a 12-month low of $89.53 and a 12-month high of $102.32.
Several hedge funds and other institutional investors have recently made changes to their positions in DVY. Asset Management One Co. Ltd. raised its stake in iShares Select Dividend ETF by 15.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 10,370 shares of the company’s stock valued at $971,000 after acquiring an additional 1,411 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in iShares Select Dividend ETF during the 3rd quarter valued at $213,000. Chicago Partners Investment Group LLC bought a new stake in iShares Select Dividend ETF during the 3rd quarter valued at $414,000. Atlantic Trust Group LLC raised its stake in iShares Select Dividend ETF by 73.4% during the 3rd quarter. Atlantic Trust Group LLC now owns 36,709 shares of the company’s stock valued at $3,438,000 after acquiring an additional 15,537 shares in the last quarter. Finally, Oak Point Wealth Management bought a new stake in iShares Select Dividend ETF during the 4th quarter valued at $329,000.
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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.
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