Davis Select Financial ETF (BATS:DFNL) Stock Short Interest Climbs 47.2%

by · The Cerbat Gem

Davis Select Financial ETF (BATS:DFNL – Get Free Report) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 29,988 shares, a growth of 47.2% from the August 31st total of 20,374 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 14,470 shares, the short-interest ratio is currently 2.1 days.

Davis Select Financial ETF Trading Up 0.5%

DFNL opened at $48.33 on Friday. The company has a fifty day simple moving average of $51.20 and a 200 day simple moving average of $48.70. The firm has a market cap of $321.39 million, a price-to-earnings ratio of 13.00 and a beta of 0.97. Davis Select Financial ETF has a twelve month low of $43.13 and a twelve month high of $53.09.

Institutional Trading of Davis Select Financial ETF

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake in Davis Select Financial ETF by 5.2% during the first quarter. Bank of America Corp DE now owns 209,529 shares of the company’s stock worth $9,395,000 after purchasing an additional 10,288 shares during the last quarter. Royal Bank of Canada raised its holdings 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 worth $5,694,000 after purchasing an additional 75,169 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Davis Select Financial ETF by 6.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 90,966 shares of the company’s stock worth $4,396,000 after purchasing an additional 5,232 shares during the period. Sanctuary Advisors LLC lifted its position in shares of Davis Select Financial ETF by 4.6% in the 1st quarter. Sanctuary Advisors LLC now owns 89,380 shares of the company’s stock worth $4,008,000 after buying an additional 3,905 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its position in shares of Davis Select Financial ETF by 5.7% in the 1st quarter. Kestra Advisory Services LLC now owns 45,860 shares of the company’s stock worth $2,056,000 after buying an additional 2,473 shares during the last quarter.

About Davis Select Financial ETF

(Get Free Report)

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.

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