Short Interest in iShares Select Dividend ETF (NASDAQ:DVY) Declines By 27.0%

iShares Select Dividend ETF (NASDAQ:DVY) was the target of a significant decrease in short interest in March. As of March 29th, there was short interest totalling 885,645 shares, a decrease of 27.0% from the March 15th total of 1,212,668 shares. Based on an average daily trading volume, of 834,876 shares, the days-to-cover ratio is currently 1.1 days.

Shares of DVY opened at $96.20 on Tuesday. iShares Select Dividend ETF has a 52 week low of $89.53 and a 52 week high of $102.32.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN grew its position in shares of iShares Select Dividend ETF by 7.8% during the fourth quarter. Wells Fargo & Company MN now owns 5,717,278 shares of the company’s stock worth $563,495,000 after purchasing an additional 412,905 shares in the last quarter. BlackRock Inc. grew its position in shares of iShares Select Dividend ETF by 21.6% during the fourth quarter. BlackRock Inc. now owns 1,502,236 shares of the company’s stock worth $148,061,000 after purchasing an additional 266,358 shares in the last quarter. Epstein & White Financial LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth about $22,232,000. Stephens Inc. AR grew its position in shares of iShares Select Dividend ETF by 232.5% during the fourth quarter. Stephens Inc. AR now owns 226,776 shares of the company’s stock worth $22,351,000 after purchasing an additional 158,570 shares in the last quarter. Finally, Miller Howard Investments Inc. NY purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth about $13,969,000.

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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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