Short Interest in Davis Select Financial ETF (BATS:DFNL) Expands By 106.0%

Davis Select Financial ETF (BATS:DFNL) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 51,941 shares, an increase of 106.0% from the July 15th total of 25,219 shares. Based on an average trading volume of 62,576 shares, the short-interest ratio is presently 0.8 days. Approximately 0.8% of the company’s shares are short sold.

Davis Select Financial ETF Trading Up 0.4%

Shares of Davis Select Financial ETF stock opened at $53.00 on Friday. Davis Select Financial ETF has a twelve month low of $43.13 and a twelve month high of $53.09. The stock has a market cap of $352.45 million, a price-to-earnings ratio of 13.00 and a beta of 0.97. The company has a fifty day moving average price of $50.25 and a 200 day moving average price of $47.90.

Institutional Investors Weigh In On Davis Select Financial ETF

A number of large investors have recently modified their holdings of DFNL. Bank of America Corp DE lifted its holdings in Davis Select Financial ETF by 5.2% in the 1st quarter. Bank of America Corp DE now owns 209,529 shares of the company’s stock worth $9,395,000 after buying an additional 10,288 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Davis Select Financial ETF by 145.1% during the first quarter. Royal Bank of Canada now owns 126,975 shares of the company’s stock valued at $5,694,000 after acquiring an additional 75,169 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Davis Select Financial ETF by 4.6% during the first quarter. Sanctuary Advisors LLC now owns 89,380 shares of the company’s stock worth $4,008,000 after acquiring an additional 3,905 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of Davis Select Financial ETF during the first quarter worth about $39,000. Finally, Kestra Advisory Services LLC lifted its stake in shares of Davis Select Financial ETF by 5.7% in the first quarter. Kestra Advisory Services LLC now owns 45,860 shares of the company’s stock worth $2,056,000 after acquiring an additional 2,473 shares in the last quarter.

About Davis Select Financial ETF

The Davis Select Financial ETF (DFNL) is an exchange-traded fund that is based on the S&P 500 Financials index. The fund is an actively-managed portfolio of global financial sector stocks. The fund seeks long-term growth of capital. DFNL was launched on Jan 11, 2017 and is managed by Davis.