Touchstone Dividend Select ETF (NYSEARCA:DVND) Shares Shorted: Short Interest Up 82.7% in September

Touchstone Dividend Select ETF (NYSEARCA:DVND) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 2,103 shares, an increase of 82.7% from the August 31st total of 1,151 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily 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 stake in Touchstone Dividend Select ETF stock. Envestnet Asset Management Inc. acquired a new position in shares of Touchstone Dividend Select ETF (NYSEARCA:DVND) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 270,765 shares of the company’s stock, valued at approximately $10,386,000. Envestnet Asset Management Inc. owned 19.62% of Touchstone Dividend Select ETF at the end of the most recent reporting period.

Touchstone Dividend Select ETF Trading Down 0.7%

NYSEARCA:DVND traded down $0.28 on Thursday, hitting $37.88. The company’s stock had a trading volume of 3,878 shares, compared to its average volume of 2,028. Touchstone Dividend Select ETF has a one year low of $33.88 and a one year high of $40.12. The firm has a market capitalization of $53.03 million, a P/E ratio of 20.47 and a beta of 0.82. The stock has a fifty day moving average of $39.29 and a two-hundred day moving average of $38.08.

Touchstone Dividend Select ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were issued a dividend of $0.1650 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 29th. This is a boost 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.