Davis Select Financial ETF (BATS:DFNL) Short Interest Down 81.2% in May

Davis Select Financial ETF (BATS:DFNL) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,523 shares, a drop of 81.2% from the May 14th total of 8,107 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 35,243 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Davis Select Financial ETF

Several institutional investors have recently made changes to their positions in DFNL. Fifth Third Bancorp purchased a new position in shares of Davis Select Financial ETF during the first quarter valued at $39,000. Capital Investment Advisory Services LLC purchased a new position in shares of Davis Select Financial ETF during the third quarter valued at $46,000. Wells Fargo & Company MN increased its stake in shares of Davis Select Financial ETF by 25.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,378 shares of the company’s stock valued at $67,000 after buying an additional 280 shares during the period. Private Advisor Group LLC increased its stake in shares of Davis Select Financial ETF by 7.1% during the first quarter. Private Advisor Group LLC now owns 5,008 shares of the company’s stock valued at $225,000 after buying an additional 330 shares during the period. Finally, Kovack Advisors Inc. bought a new stake in Davis Select Financial ETF during the fourth quarter valued at about $456,000.

Davis Select Financial ETF Trading Up 1.0%

Shares of Davis Select Financial ETF stock opened at $46.81 on Wednesday. The firm has a market cap of $311.29 million, a P/E ratio of 13.00 and a beta of 0.97. Davis Select Financial ETF has a 12 month low of $40.47 and a 12 month high of $50.59. The stock’s fifty day moving average price is $46.50 and its 200-day moving average price is $47.09.

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.