Touchstone Dividend Select ETF (NYSEARCA:DVND) Sees Significant Growth in Short Interest

Touchstone Dividend Select ETF (NYSEARCA:DVND) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 5,588 shares, an increase of 1,813.7% from the October 15th total of 292 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 1,377 shares, the short-interest ratio is presently 4.1 days.

Hedge Funds Weigh In On Touchstone Dividend Select ETF

An institutional investor recently bought a new position in Touchstone Dividend Select ETF stock. Envestnet Asset Management Inc. purchased a new stake in shares of Touchstone Dividend Select ETF (NYSEARCA:DVND) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 270,765 shares of the company’s stock, valued at approximately $10,386,000. Envestnet Asset Management Inc. owned 19.62% of Touchstone Dividend Select ETF as of its most recent filing with the SEC.

Touchstone Dividend Select ETF Stock Up 0.1%

DVND traded up $0.04 on Tuesday, hitting $39.83. The company had a trading volume of 169 shares, compared to its average volume of 1,881. The business’s fifty day simple moving average is $39.08 and its 200 day simple moving average is $38.05. Touchstone Dividend Select ETF has a 12-month low of $33.88 and a 12-month high of $40.26. The company has a market cap of $54.97 million, a PE ratio of 21.26 and a beta of 0.82.

Touchstone Dividend Select ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were issued a $0.1650 dividend. This is a positive change from Touchstone Dividend Select ETF’s previous quarterly dividend of $0.1639. The ex-dividend date was Tuesday, September 29th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.7%.

About Touchstone Dividend Select ETF

The Touchstone Dividend Select ETF (DVND) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks current income and capital appreciation by actively selecting US large-cap companies with sustainable competitive advantages that pay reliable, growing dividends at reasonable valuations. DVND was launched on Aug 2, 2022 and is managed by Touchstone.