iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Sees Significant Drop in Short Interest

by · The Cerbat Gem

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE – Get Free Report) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 27,006 shares, a drop of 92.7% from the August 15th total of 369,401 shares. Based on an average daily trading volume, of 125,327 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

iShares Emerging Markets Dividend ETF Stock Performance

Shares of iShares Emerging Markets Dividend ETF stock traded up $0.02 on Friday, reaching $36.06. 68,127 shares of the stock were exchanged, compared to its average volume of 202,102. The firm’s 50 day moving average is $34.31 and its 200-day moving average is $34.25. iShares Emerging Markets Dividend ETF has a one year low of $28.63 and a one year high of $36.44. The firm has a market cap of $1.29 billion, a PE ratio of 7.78 and a beta of 0.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. increased its position in shares of iShares Emerging Markets Dividend ETF by 4.1% during the third quarter. Ameriprise Financial Inc. now owns 10,573 shares of the company’s stock worth $314,000 after buying an additional 414 shares during the period. IHT Wealth Management LLC raised its position in iShares Emerging Markets Dividend ETF by 7.0% in the 4th quarter. IHT Wealth Management LLC now owns 11,589 shares of the company’s stock valued at $361,000 after buying an additional 760 shares during the last quarter. Millstone Evans Group LLC bought a new position in iShares Emerging Markets Dividend ETF during the 1st quarter valued at $29,000. Bogart Wealth LLC purchased a new position in iShares Emerging Markets Dividend ETF during the 1st quarter worth $34,000. Finally, Triumph Capital Management bought a new stake in shares of iShares Emerging Markets Dividend ETF in the 3rd quarter worth $34,000.

About iShares Emerging Markets Dividend ETF

(Get Free Report)

The iShares Emerging Markets Dividend ETF (DVYE) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a dividend-weighted index of high-dividend-paying emerging markets companies. DVYE was launched on Feb 23, 2012 and is managed by BlackRock.

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