Touchstone Dividend Select ETF (NYSEARCA:DVND) Short Interest Update

Touchstone Dividend Select ETF (NYSEARCA:DVND) was the recipient of a large growth in short interest during the month of 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. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 724 shares, the days-to-cover ratio is presently 2.9 days.

Institutional Investors Weigh In On Touchstone Dividend Select ETF

An institutional investor recently bought a new position in Touchstone Dividend Select ETF stock. Envestnet Asset Management Inc. acquired a new position in Touchstone Dividend Select ETF (NYSEARCA:DVND) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 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 at the end of the most recent quarter.

Touchstone Dividend Select ETF Price Performance

Shares of NYSEARCA DVND traded down $0.23 during trading on Tuesday, hitting $38.38. The stock had a trading volume of 446 shares, compared to its average volume of 2,019. The firm has a fifty day moving average of $39.29 and a two-hundred day moving average of $38.05. The company has a market capitalization 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th will be given a $0.1650 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 29th. This is a positive change from Touchstone Dividend Select ETF’s previous quarterly dividend of $0.1639.

About Touchstone Dividend Select ETF

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.