iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Sees Large Growth in Short Interest

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 369,401 shares, a growth of 158.0% from the July 30th total of 143,172 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily volume of 114,915 shares, the short-interest ratio is currently 3.2 days.

iShares Emerging Markets Dividend ETF Price Performance

DVYE stock traded down $0.27 during mid-day trading on Friday, reaching $34.99. 388,982 shares of the company traded hands, compared to its average volume of 208,639. The company has a market capitalization of $1.25 billion, a P/E ratio of 7.78 and a beta of 0.50. iShares Emerging Markets Dividend ETF has a 52-week low of $28.63 and a 52-week high of $35.95. The company has a fifty day moving average price of $33.65 and a 200-day moving average price of $34.17.

Hedge Funds Weigh In On iShares Emerging Markets Dividend ETF

Several hedge funds have recently bought and sold shares of the company. Highland Investment Advisors LLC bought a new stake in iShares Emerging Markets Dividend ETF during the 2nd quarter worth approximately $68,000. Crescent Grove Advisors LLC grew its position in shares of iShares Emerging Markets Dividend ETF by 8.6% during the 1st quarter. Crescent Grove Advisors LLC now owns 151,258 shares of the company’s stock valued at $5,200,000 after purchasing an additional 11,917 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of iShares Emerging Markets Dividend ETF by 15.0% during the 1st quarter. Bank of New York Mellon Corp now owns 348,902 shares of the company’s stock valued at $11,995,000 after purchasing an additional 45,576 shares in the last quarter. Millstone Evans Group LLC bought a new position in shares of iShares Emerging Markets Dividend ETF in the first quarter worth $29,000. Finally, Bogart Wealth LLC bought a new position in shares of iShares Emerging Markets Dividend ETF in the first quarter worth $34,000.

About iShares Emerging Markets Dividend ETF

The iShares Emerging Markets Dividend ETF (DVYE) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a dividend-weighted index of high-dividend-paying emerging markets companies. DVYE was launched on Feb 23, 2012 and is managed by BlackRock.