iShares International Select Dividend ETF (BATS:IDV) Short Interest Down 64.6% in June

iShares International Select Dividend ETF (BATS:IDV) was the target of a significant drop in short interest in the month of 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 trading volume, of 1,049,983 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

iShares International Select Dividend ETF Stock Performance

IDV stock opened at $41.37 on Friday. iShares International Select Dividend ETF has a fifty-two week low of $34.25 and a fifty-two week high of $45.49. The business’s 50 day moving average price is $43.92 and its two-hundred day moving average price is $42.43. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 10.09 and a beta of 0.76.

Institutional Investors Weigh In On iShares International Select Dividend ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strive Financial Group LLC bought a new position in iShares International Select Dividend ETF in the fourth quarter worth $37,000. Bessemer Group Inc. bought a new position in shares of iShares International Select Dividend ETF in the 1st quarter worth about $53,000. NBT Bank N A NY increased its stake in shares of 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 worth $76,000 after acquiring an additional 1,751 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in iShares International Select Dividend ETF during the 4th quarter valued at about $73,000. Finally, Colonial Trust Advisors lifted its position in iShares International Select Dividend ETF by 43.9% during the 4th quarter. Colonial Trust Advisors now owns 1,900 shares of the company’s stock valued at $75,000 after acquiring an additional 580 shares during the period.

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.