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

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 239,686 shares, a decline of 47.7% from the January 29th total of 458,517 shares. Based on an average daily volume of 373,162 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 373,162 shares, the short-interest ratio is currently 0.6 days.

iShares Emerging Markets Dividend ETF Price Performance

DVYE opened at $35.11 on Friday. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 7.78 and a beta of 0.65. The firm has a 50 day simple moving average of $33.18 and a 200 day simple moving average of $31.27. iShares Emerging Markets Dividend ETF has a fifty-two week low of $23.77 and a fifty-two week high of $35.59.

Institutional Investors Weigh In On iShares Emerging Markets Dividend ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IHT Wealth Management LLC grew its stake in shares of iShares Emerging Markets Dividend ETF by 7.0% during the 4th quarter. IHT Wealth Management LLC now owns 11,589 shares of the company’s stock worth $361,000 after acquiring an additional 760 shares in the last quarter. Captrust Financial Advisors bought a new stake in shares of iShares Emerging Markets Dividend ETF in the fourth quarter worth $202,000. Marshall Wace LLP boosted its holdings in iShares Emerging Markets Dividend ETF by 4.3% during the fourth quarter. Marshall Wace LLP now owns 180,877 shares of the company’s stock worth $5,636,000 after purchasing an additional 7,463 shares during the last quarter. Janney Montgomery Scott LLC grew its position in iShares Emerging Markets Dividend ETF by 33.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 109,694 shares of the company’s stock valued at $3,418,000 after purchasing an additional 27,377 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in iShares Emerging Markets Dividend ETF by 69.8% in the fourth 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 in the last quarter.

About iShares Emerging Markets Dividend ETF

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.