Dimensional U.S. Targeted Value ETF (NYSEARCA:DFAT) Sees Large Growth in Short Interest

Dimensional U.S. Targeted Value ETF (NYSEARCA:DFAT) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 298,270 shares, a growth of 96.1% from the May 14th total of 152,099 shares. Based on an average daily volume of 345,166 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.1% of the company’s stock are short sold.

Dimensional U.S. Targeted Value ETF Stock Performance

Shares of DFAT stock traded up $0.66 during mid-day trading on Friday, hitting $69.58. The company’s stock had a trading volume of 277,014 shares, compared to its average volume of 361,656. Dimensional U.S. Targeted Value ETF has a 52-week low of $52.27 and a 52-week high of $69.87. The business has a 50-day moving average price of $66.35 and a 200 day moving average price of $63.83. The stock has a market cap of $14.18 billion, a price-to-earnings ratio of 12.39 and a beta of 0.97.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. CoreFirst Bank & Trust bought a new stake in shares of Dimensional U.S. Targeted Value ETF in the third quarter worth $26,000. CIBC Private Wealth Group LLC grew its holdings in shares of Dimensional U.S. Targeted Value ETF by 59.0% in the third quarter. CIBC Private Wealth Group LLC now owns 655 shares of the company’s stock worth $38,000 after acquiring an additional 243 shares during the period. IAG Wealth Partners LLC grew its holdings in shares of Dimensional U.S. Targeted Value ETF by 350.8% in the third quarter. IAG Wealth Partners LLC now owns 852 shares of the company’s stock worth $50,000 after acquiring an additional 663 shares during the period. Timmons Wealth Management LLC bought a new stake in shares of Dimensional U.S. Targeted Value ETF in the fourth quarter worth $50,000. Finally, Parallel Advisors LLC grew its holdings in shares of Dimensional U.S. Targeted Value ETF by 49.9% in the first quarter. Parallel Advisors LLC now owns 811 shares of the company’s stock worth $51,000 after acquiring an additional 270 shares during the period.

About Dimensional U.S. Targeted Value ETF

The Dimensional U.S. Targeted Value ETF (DFAT) is an exchange-traded fund that mostly invests in extended market equity. The fund is an active, tax-managed fund that seeks to provide long-term capital appreciation from a portfolio of US mid- and small-cap value stocks. DFAT was launched on Dec 11, 1998 and is managed by Dimensional.