Davis Select Financial ETF (BATS:DFNL) Stock Short Interest Falls 70.0%

Davis Select Financial ETF (BATS:DFNL) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 2,874 shares, a drop of 70.0% from the October 15th total of 9,591 shares. Based on an average trading volume of 10,728 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Davis Select Financial ETF Stock Down 0.7%

DFNL stock opened at $50.96 on Friday. The business has a 50 day moving average price of $49.87 and a 200 day moving average price of $48.65. The stock has a market cap of $457.62 million, a price-to-earnings ratio of 13.33 and a beta of 0.83. Davis Select Financial ETF has a fifty-two week low of $43.33 and a fifty-two week high of $53.09.

Hedge Funds Weigh In On Davis Select Financial ETF

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in Davis Select Financial ETF by 5.2% during 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 in the last quarter. Royal Bank of Canada lifted its position in shares of Davis Select Financial ETF by 145.1% during the 1st quarter. Royal Bank of Canada now owns 126,975 shares of the company’s stock worth $5,694,000 after buying an additional 75,169 shares during the last quarter. D.A. Davidson & CO. acquired a new position in shares of Davis Select Financial ETF in the 3rd quarter valued at $3,614,000. Sanctuary Advisors LLC boosted its holdings in shares of Davis Select Financial ETF by 4.6% in the 1st quarter. Sanctuary Advisors LLC now owns 89,380 shares of the company’s stock valued at $4,008,000 after buying an additional 3,905 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Davis Select Financial ETF by 53.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 28,323 shares of the company’s stock valued at $1,398,000 after buying an additional 9,816 shares in the last quarter.

About Davis Select Financial ETF

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.