Touchstone Dividend Select ETF (NYSEARCA:DVND) Stock Short Interest Drops 80.6%

Touchstone Dividend Select ETF (NYSEARCA:DVND) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 407 shares, a decrease of 80.6% from the September 15th total of 2,103 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,041 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Touchstone Dividend Select ETF

A hedge fund recently bought a new stake in Touchstone Dividend Select ETF stock. Envestnet Asset Management Inc. bought a new position in Touchstone Dividend Select ETF (NYSEARCA:DVND) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 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 Stock Up 0.5%

DVND stock traded up $0.18 during midday trading on Monday, hitting $38.84. 295 shares of the company traded hands, compared to its average volume of 1,981. Touchstone Dividend Select ETF has a twelve month low of $33.88 and a twelve month high of $40.12. The business has a 50 day simple moving average of $39.25 and a 200-day simple moving average of $38.22. The stock has a market capitalization of $53.60 million, a price-to-earnings ratio of 20.47 and a beta of 0.82.

Touchstone Dividend Select ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were paid a $0.1650 dividend. The ex-dividend date was Tuesday, September 29th. This is a positive change from Touchstone Dividend Select ETF’s previous quarterly dividend of $0.1639. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.7%.

Touchstone Dividend Select ETF Company Profile

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.