iShares Select Dividend ETF (DVY) Short Interest Up 84.1% in November

iShares Select Dividend ETF (NASDAQ:DVY) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 1,146,204 shares, a growth of 84.1% from the November 15th total of 622,743 shares. Based on an average trading volume of 521,647 shares, the days-to-cover ratio is presently 2.2 days.

A number of institutional investors have recently modified their holdings of DVY. Bessemer Group Inc. lifted its holdings in iShares Select Dividend ETF by 101.1% during the second quarter. Bessemer Group Inc. now owns 3,117 shares of the company’s stock worth $287,000 after acquiring an additional 1,567 shares during the period. Sei Investments Co. lifted its holdings in iShares Select Dividend ETF by 293.9% during the second quarter. Sei Investments Co. now owns 2,466 shares of the company’s stock worth $227,000 after acquiring an additional 1,840 shares during the period. TD Asset Management Inc. lifted its holdings in iShares Select Dividend ETF by 229.7% during the second quarter. TD Asset Management Inc. now owns 22,700 shares of the company’s stock worth $2,094,000 after acquiring an additional 15,814 shares during the period. Bank of New York Mellon Corp lifted its holdings in iShares Select Dividend ETF by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 705,376 shares of the company’s stock worth $65,042,000 after acquiring an additional 48,791 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in iShares Select Dividend ETF by 5.4% during the second quarter. Ballentine Partners LLC now owns 4,850 shares of the company’s stock worth $452,000 after acquiring an additional 250 shares during the period.

Shares of iShares Select Dividend ETF (NASDAQ:DVY) opened at $98.27 on Wednesday. iShares Select Dividend ETF has a fifty-two week low of $88.03 and a fifty-two week high of $99.99.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Wednesday, December 20th will be issued a dividend of $0.798 per share. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $0.73. This represents a $3.19 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Tuesday, December 19th. iShares Select Dividend ETF’s dividend payout ratio (DPR) is 48.64%.

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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.

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