Davis Select Financial ETF (BATS:DFNL) Short Interest Up 546.6% in June

Davis Select Financial ETF (BATS:DFNL) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 9,847 shares, an increase of 546.6% from the May 31st total of 1,523 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 80,052 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Davis Select Financial ETF

Several institutional investors and hedge funds have recently modified their holdings of DFNL. Thrivent Financial for Lutherans acquired a new position in Davis Select Financial ETF during the 4th quarter worth about $41,646,000. LPL Financial LLC grew its position in Davis Select Financial ETF by 8.3% in the 4th quarter. LPL Financial LLC now owns 396,816 shares of the company’s stock valued at $19,178,000 after acquiring an additional 30,475 shares in the last quarter. Bank of America Corp DE grew its position in Davis Select Financial ETF by 5.2% in the 1st quarter. Bank of America Corp DE now owns 209,529 shares of the company’s stock valued at $9,395,000 after acquiring an additional 10,288 shares in the last quarter. HighTower Advisors LLC increased its stake in Davis Select Financial ETF by 0.8% during the fourth quarter. HighTower Advisors LLC now owns 128,853 shares of the company’s stock worth $6,227,000 after purchasing an additional 1,004 shares during the period. Finally, Royal Bank of Canada increased its stake in 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.

Davis Select Financial ETF Stock Up 0.7%

BATS:DFNL opened at $49.00 on Friday. The stock’s fifty day moving average is $46.98 and its two-hundred day moving average is $47.25. Davis Select Financial ETF has a 52 week low of $42.21 and a 52 week high of $50.59. The stock has a market capitalization of $325.85 million, a price-to-earnings ratio of 13.00 and a beta of 0.97.

Davis Select Financial ETF Company Profile

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.