Short Interest in iShares International Select Dividend ETF (BATS:IDV) Drops By 64.6%

iShares International Select Dividend ETF (BATS:IDV) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 305,660 shares, a drop of 64.6% from the May 31st total of 863,096 shares. Based on an average daily volume of 1,049,983 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

iShares International Select Dividend ETF Stock Performance

iShares International Select Dividend ETF stock opened at $41.37 on Monday. The firm has a market cap of $6.39 billion, a P/E ratio of 10.09 and a beta of 0.76. The business’s fifty day moving average is $43.92 and its two-hundred day moving average is $42.45. iShares International Select Dividend ETF has a 52 week low of $34.25 and a 52 week high of $45.49.

Institutional Investors Weigh In On iShares International Select Dividend ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IDV. Strive Financial Group LLC acquired a new position in shares of iShares International Select Dividend ETF during the fourth quarter worth approximately $37,000. Bessemer Group Inc. acquired a new position in iShares International Select Dividend ETF during the 1st quarter worth $53,000. NBT Bank N A NY boosted its position in iShares International Select Dividend ETF by 4,489.7% in the 1st quarter. NBT Bank N A NY now owns 1,790 shares of the company’s stock valued at $76,000 after buying an additional 1,751 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of iShares International Select Dividend ETF in the 4th quarter valued at $73,000. Finally, Colonial Trust Advisors raised its position in shares of iShares International Select Dividend ETF by 43.9% during the fourth quarter. Colonial Trust Advisors now owns 1,900 shares of the company’s stock worth $75,000 after acquiring 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.