Touchstone Dividend Select ETF (NYSEARCA:DVND) Sees Significant Growth in Short Interest

Touchstone Dividend Select ETF (NYSEARCA:DVND) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 5,588 shares, a growth of 1,813.7% from the October 15th total of 292 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,377 shares, the days-to-cover ratio is presently 4.1 days.

Institutional Investors Weigh In On Touchstone Dividend Select ETF

A hedge fund recently bought a new position in Touchstone Dividend Select ETF stock. Envestnet Asset Management Inc. acquired a new position in Touchstone Dividend Select ETF (NYSEARCA:DVND) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 270,765 shares of the company’s stock, valued at approximately $10,386,000. Envestnet Asset Management Inc. owned approximately 19.62% of Touchstone Dividend Select ETF as of its most recent SEC filing.

Touchstone Dividend Select ETF Stock Performance

NYSEARCA:DVND traded up $0.04 during trading hours on Tuesday, reaching $39.83. The stock had a trading volume of 169 shares, compared to its average volume of 1,881. The stock has a market capitalization of $54.97 million, a PE ratio of 21.26 and a beta of 0.82. Touchstone Dividend Select ETF has a 52 week low of $33.88 and a 52 week high of $40.26. The company has a 50 day moving average price of $39.08 and a two-hundred day moving average price of $38.05.

Touchstone Dividend Select ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a $0.1650 dividend. This is a boost from Touchstone Dividend Select ETF’s previous quarterly dividend of $0.1639. This represents a $0.66 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, September 29th.

Touchstone Dividend Select ETF Company Profile

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.