iShares Select Dividend ETF (NASDAQ:DVY) Short Interest Down 30.3% in March

iShares Select Dividend ETF (NASDAQ:DVY) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 865,888 shares, a drop of 30.3% from the February 26th total of 1,242,436 shares. Based on an average daily volume of 483,545 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.6% of the shares of the company are sold short.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY traded up $0.11 during midday trading on Monday, reaching $149.61. The stock had a trading volume of 322,771 shares, compared to its average volume of 554,877. The stock has a market capitalization of $21.82 billion, a P/E ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $160.38. The firm’s fifty day simple moving average is $152.37 and its 200-day simple moving average is $145.46.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a dividend of $1.1493 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a yield of 3.1%.

Institutional Investors Weigh In On iShares Select Dividend ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC lifted its stake in iShares Select Dividend ETF by 336.4% during the fourth quarter. Hsbc Holdings PLC now owns 15,231 shares of the company’s stock worth $2,150,000 after purchasing an additional 11,741 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of iShares Select Dividend ETF by 6.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 507,547 shares of the company’s stock valued at $71,635,000 after buying an additional 29,933 shares in the last quarter. World Investment Advisors lifted its position in iShares Select Dividend ETF by 71.3% during the 4th quarter. World Investment Advisors now owns 21,651 shares of the company’s stock worth $3,056,000 after buying an additional 9,014 shares in the last quarter. Winthrop Partners WNY LLC bought a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at approximately $2,589,000. Finally, Nalls Sherbakoff Group LLC acquired a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at $89,000. Institutional investors own 46.08% of the company’s stock.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.