iShares International Select Dividend ETF (BATS:IDV) Sees Significant Growth in Short Interest

iShares International Select Dividend ETF (BATS:IDV) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 387,463 shares, a growth of 318.5% from the August 15th total of 92,587 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 598,906 shares, the days-to-cover ratio is presently 0.6 days.

iShares International Select Dividend ETF Trading Up 0.5%

Shares of iShares International Select Dividend ETF stock opened at $44.97 on Friday. The company has a fifty day simple moving average of $44.02 and a 200-day simple moving average of $43.56. iShares International Select Dividend ETF has a 12-month low of $35.90 and a 12-month high of $45.49. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 10.09 and a beta of 0.76.

Hedge Funds Weigh In On iShares International Select Dividend ETF

Several large investors have recently bought and sold shares of IDV. Compass Financial Management LLC purchased a new stake in shares of iShares International Select Dividend ETF in the 2nd quarter valued at about $26,000. Strive Financial Group LLC purchased a new position in iShares International Select Dividend ETF during the 4th quarter worth approximately $37,000. Bessemer Group Inc. acquired a new position in iShares International Select Dividend ETF during the first quarter worth approximately $53,000. Hilton Head Capital Partners LLC acquired a new position in iShares International Select Dividend ETF during the fourth quarter worth approximately $73,000. Finally, Colonial Trust Advisors lifted its stake in iShares International Select Dividend ETF by 43.9% in the fourth quarter. Colonial Trust Advisors now owns 1,900 shares of the company’s stock valued at $75,000 after buying an additional 580 shares during the last quarter.

About iShares International Select Dividend ETF

iShares International Select Dividend ETF, formerly iShares Dow Jones International Select Dividend Index Fund, seeks investment results that correspond to the price and yield performance of the Dow Jones EPAC 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 World Developed-Ex.