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

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 225,396 shares, an increase of 171.7% from the May 31st total of 82,951 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 345,475 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DVYE. Bank of New York Mellon Corp grew its position in iShares Emerging Markets Dividend ETF by 15.0% during the 1st quarter. Bank of New York Mellon Corp now owns 348,902 shares of the company’s stock worth $11,995,000 after acquiring an additional 45,576 shares during the last quarter. JPMorgan Chase & Co. raised its position in iShares Emerging Markets Dividend ETF by 69.8% in the 4th quarter. JPMorgan Chase & Co. now owns 277,124 shares of the company’s stock valued at $8,635,000 after purchasing an additional 113,873 shares during the last quarter. NewEdge Advisors LLC boosted its stake in iShares Emerging Markets Dividend ETF by 1.6% in the third quarter. NewEdge Advisors LLC now owns 260,621 shares of the company’s stock worth $7,738,000 after purchasing an additional 4,083 shares in the last quarter. Argent Advisors Inc. grew its holdings in shares of iShares Emerging Markets Dividend ETF by 0.9% during the first quarter. Argent Advisors Inc. now owns 235,524 shares of the company’s stock worth $8,097,000 after purchasing an additional 1,992 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of iShares Emerging Markets Dividend ETF by 4.3% in the fourth quarter. Marshall Wace LLP now owns 180,877 shares of the company’s stock valued at $5,636,000 after buying an additional 7,463 shares in the last quarter.

iShares Emerging Markets Dividend ETF Stock Performance

Shares of iShares Emerging Markets Dividend ETF stock opened at $32.29 on Monday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 7.78 and a beta of 0.49. The firm’s 50-day moving average price is $34.30 and its two-hundred day moving average price is $33.69. iShares Emerging Markets Dividend ETF has a 1-year low of $28.37 and a 1-year high of $35.95.

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.