Short Interest in iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Rises By 400.6%

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 258,882 shares, an increase of 400.6% from the November 30th total of 51,719 shares. Based on an average trading volume of 154,118 shares, the short-interest ratio is presently 1.7 days. Approximately 0.8% of the shares of the stock are short sold. Approximately 0.8% of the shares of the stock are short sold. Based on an average trading volume of 154,118 shares, the short-interest ratio is presently 1.7 days.

iShares Emerging Markets Dividend ETF Price Performance

DVYE opened at $31.04 on Thursday. The firm has a market capitalization of $990.18 million, a price-to-earnings ratio of 7.78 and a beta of 0.65. The company’s 50 day simple moving average is $30.82 and its two-hundred day simple moving average is $29.82. iShares Emerging Markets Dividend ETF has a 1-year low of $23.77 and a 1-year high of $31.93.

Hedge Funds Weigh In On iShares Emerging Markets Dividend ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DVYE. Triumph Capital Management purchased a new stake in iShares Emerging Markets Dividend ETF in the 3rd quarter valued at $34,000. Morgan Dempsey Capital Management LLC acquired a new position in shares of iShares Emerging Markets Dividend ETF during the 2nd quarter valued at about $53,000. Western Wealth Management LLC purchased a new stake in shares of iShares Emerging Markets Dividend ETF in the third quarter valued at about $239,000. Ameriprise Financial Inc. increased its position in 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 purchasing an additional 414 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in iShares Emerging Markets Dividend ETF by 33.3% during the third quarter. Jones Financial Companies Lllp now owns 13,480 shares of the company’s stock worth $397,000 after purchasing an additional 3,364 shares during the period.

iShares Emerging Markets Dividend ETF Company Profile

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.