Davis Select Financial ETF (BATS:DFNL) Short Interest Down 48.5% in August

Davis Select Financial ETF (BATS:DFNL) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 20,374 shares, a drop of 48.5% from the August 15th total of 39,585 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 21,261 shares, the short-interest ratio is presently 1.0 days.

Davis Select Financial ETF Price Performance

Shares of DFNL opened at $51.40 on Tuesday. Davis Select Financial ETF has a 1 year low of $43.13 and a 1 year high of $53.09. The stock has a 50 day simple moving average of $51.63 and a two-hundred day simple moving average of $48.41. The firm has a market cap of $341.81 million, a P/E ratio of 13.00 and a beta of 0.97.

Hedge Funds Weigh In On Davis Select Financial ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in Davis Select Financial ETF by 5.2% in the first quarter. Bank of America Corp DE now owns 209,529 shares of the company’s stock worth $9,395,000 after purchasing an additional 10,288 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Davis Select Financial ETF by 0.8% in the fourth quarter. HighTower Advisors LLC now owns 128,853 shares of the company’s stock worth $6,227,000 after buying an additional 1,004 shares during the period. Royal Bank of Canada lifted its stake in shares of Davis Select Financial ETF by 145.1% in the 1st quarter. Royal Bank of Canada now owns 126,975 shares of the company’s stock valued at $5,694,000 after acquiring an additional 75,169 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Davis Select Financial ETF by 6.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 90,966 shares of the company’s stock valued at $4,396,000 after purchasing an additional 5,232 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of Davis Select Financial ETF by 4.6% in the first quarter. Sanctuary Advisors LLC now owns 89,380 shares of the company’s stock worth $4,008,000 after purchasing an additional 3,905 shares during the last quarter.

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.