Touchstone Dividend Select ETF (NYSEARCA:DVND) Sees Large Increase in Short Interest

Touchstone Dividend Select ETF (NYSEARCA:DVND) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 3,197 shares, a growth of 76.3% from the May 31st total of 1,813 shares. Based on an average daily volume of 919 shares, the days-to-cover ratio is presently 3.5 days. Approximately 0.3% of the shares of the company are short sold.

Touchstone Dividend Select ETF Price Performance

Shares of NYSEARCA:DVND opened at $38.38 on Thursday. The business’s 50 day moving average price is $37.96 and its 200-day moving average price is $36.87. Touchstone Dividend Select ETF has a 1 year low of $32.89 and a 1 year high of $38.96. The firm has a market capitalization of $52.96 million, a PE ratio of 20.47 and a beta of 0.82.

Hedge Funds Weigh In On Touchstone Dividend Select ETF

An institutional investor recently raised its position in Touchstone Dividend Select ETF stock. Fort Washington Investment Advisors Inc. OH grew its holdings in Touchstone Dividend Select ETF (NYSEARCA:DVND) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,033,799 shares of the company’s stock after purchasing an additional 8,509 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 89.90% of Touchstone Dividend Select ETF worth $36,527,000 as of its most recent filing with the Securities & Exchange Commission.

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.