Short Interest in Davis Select Financial ETF (BATS:DFNL) Decreases By 48.5%

Davis Select Financial ETF (BATS:DFNL) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 20,374 shares, a decline of 48.5% from the August 15th total of 39,585 shares. Based on an average daily trading volume, of 21,261 shares, the short-interest ratio is presently 1.0 days. Currently, 0.3% of the company’s stock are sold short.

Davis Select Financial ETF Stock Performance

DFNL stock opened at $51.40 on Tuesday. Davis Select Financial ETF has a fifty-two week low of $43.13 and a fifty-two week high of $53.09. The stock’s 50 day simple moving average is $51.63 and its 200 day simple moving average is $48.41. The company has a market cap of $341.81 million, a P/E ratio of 13.00 and a beta of 0.97.

Institutional Trading of Davis Select Financial ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new position in Davis Select Financial ETF in the second quarter valued at about $315,000. Bank of America Corp DE increased its position in Davis Select Financial ETF by 5.2% in the first 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 during the last quarter. Royal Bank of Canada raised its stake in shares of Davis Select Financial ETF by 145.1% in the first quarter. Royal Bank of Canada now owns 126,975 shares of the company’s stock valued at $5,694,000 after buying an additional 75,169 shares during the period. Sanctuary Advisors LLC lifted its position in shares of Davis Select Financial ETF by 4.6% during the 1st quarter. Sanctuary Advisors LLC now owns 89,380 shares of the company’s stock valued at $4,008,000 after buying an additional 3,905 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new stake in shares of Davis Select Financial ETF during the 1st quarter valued at approximately $39,000.

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.