Short Interest in Davis Select U.S. Equity ETF (BATS:DUSA) Declines By 66.6%

Davis Select U.S. Equity ETF (BATS:DUSA) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 17,905 shares, a decline of 66.6% from the August 15th total of 53,622 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 42,634 shares, the short-interest ratio is currently 0.4 days.

Davis Select U.S. Equity ETF Stock Performance

Shares of DUSA stock opened at $56.86 on Monday. The firm has a market capitalization of $898.39 million, a PE ratio of 17.61 and a beta of 0.97. Davis Select U.S. Equity ETF has a 1 year low of $46.50 and a 1 year high of $58.53. The stock has a fifty day moving average of $57.25 and a two-hundred day moving average of $55.08.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of Davis Select U.S. Equity ETF by 66.5% in the third quarter. Bank of America Corp DE now owns 1,041,927 shares of the company’s stock worth $49,908,000 after acquiring an additional 416,004 shares during the last quarter. Morgan Stanley raised its holdings in Davis Select U.S. Equity ETF by 3.9% in the 4th quarter. Morgan Stanley now owns 4,312,238 shares of the company’s stock valued at $220,485,000 after acquiring an additional 163,801 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Davis Select U.S. Equity ETF by 29.3% during the 4th quarter. Wells Fargo & Company MN now owns 427,654 shares of the company’s stock worth $21,866,000 after purchasing an additional 96,943 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Davis Select U.S. Equity ETF by 22.9% during the third quarter. Raymond James Financial Inc. now owns 400,513 shares of the company’s stock worth $19,185,000 after buying an additional 74,593 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Davis Select U.S. Equity ETF by 14.0% in the 3rd quarter. UBS Group AG now owns 547,889 shares of the company’s stock valued at $26,244,000 after buying an additional 67,456 shares in the last quarter.

Davis Select U.S. Equity ETF Company Profile

The Davis Select U.S. Equity ETF (DUSA) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed portfolio of US large-cap stocks. The fund seeks long-term capital growth and capital preservation. DUSA was launched on Jan 11, 2017 and is managed by Davis.