Davis Select International ETF (BATS:DINT) Sees Large Decline in Short Interest

Davis Select International ETF (BATS:DINT) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 8,597 shares, a drop of 42.4% from the May 14th total of 14,934 shares. Based on an average daily volume of 7,468 shares, the short-interest ratio is currently 1.2 days. Currently, 0.1% of the company’s shares are sold short.

Davis Select International ETF Stock Performance

DINT stock opened at $29.23 on Monday. The business’s 50-day moving average price is $28.80 and its two-hundred day moving average price is $28.54. The firm has a market cap of $281.48 million, a PE ratio of 13.73 and a beta of 0.63. Davis Select International ETF has a 1-year low of $24.72 and a 1-year high of $30.48.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Live Oak Private Wealth LLC lifted its holdings in Davis Select International ETF by 0.8% during the fourth quarter. Live Oak Private Wealth LLC now owns 62,028 shares of the company’s stock worth $1,768,000 after acquiring an additional 488 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its position in shares of Davis Select International ETF by 2.6% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 26,911 shares of the company’s stock valued at $767,000 after acquiring an additional 692 shares during the last quarter. Royal Bank of Canada increased its position in shares of Davis Select International ETF by 1.3% in the first quarter. Royal Bank of Canada now owns 60,626 shares of the company’s stock valued at $1,401,000 after acquiring an additional 764 shares during the last quarter. Lunt Capital Management Inc. increased its position in shares of Davis Select International ETF by 0.7% in the third quarter. Lunt Capital Management Inc. now owns 141,027 shares of the company’s stock valued at $3,946,000 after acquiring an additional 960 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Davis Select International ETF during the third quarter worth about $36,000.

About Davis Select International ETF

The Davis Select International ETF (DINT) is an exchange-traded fund that is based on the MSCI ACWI ex-US index. The fund holds an actively-managed portfolio of international companies outside the US, selected based on prospects for long-term growth of capital. DINT was launched on Mar 1, 2018 and is managed by Davis.