Davis Select U.S. Equity ETF (BATS:DUSA) Stock Short Interest Declines 48.2%

Davis Select U.S. Equity ETF (BATS:DUSA) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 23,953 shares, a decline of 48.2% from the September 30th total of 46,212 shares. Based on an average daily volume of 38,442 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are short sold.

Davis Select U.S. Equity ETF Price Performance

Shares of BATS DUSA opened at $56.40 on Friday. The company has a market cap of $891.12 million, a PE ratio of 17.61 and a beta of 0.97. Davis Select U.S. Equity ETF has a 12 month low of $46.76 and a 12 month high of $58.53. The company has a 50-day simple moving average of $56.35 and a 200-day simple moving average of $54.89.

Institutional Trading of Davis Select U.S. Equity ETF

A number of hedge funds have recently bought and sold shares of DUSA. Lunt Capital Management Inc. grew its position in shares of Davis Select U.S. Equity ETF by 0.8% in the third quarter. Lunt Capital Management Inc. now owns 157,346 shares of the company’s stock valued at $8,604,000 after purchasing an additional 1,186 shares during the period. Heritage Wealth Management Inc. purchased a new position in Davis Select U.S. Equity ETF during the third quarter worth about $285,000. D.A. Davidson & CO. acquired a new stake in Davis Select U.S. Equity ETF in the 3rd quarter worth about $7,554,000. Sigma Planning Corp purchased a new stake in Davis Select U.S. Equity ETF in the 3rd quarter valued at about $567,000. Finally, IFP Advisors Inc grew its holdings in Davis Select U.S. Equity ETF by 81.6% in the 3rd quarter. IFP Advisors Inc now owns 64,626 shares of the company’s stock valued at $3,534,000 after buying an additional 29,040 shares during the period.

About Davis Select U.S. Equity ETF

The Davis Select U.S. Equity ETF (DUSA) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed portfolio of US large-cap stocks. The fund seeks long-term capital growth and capital preservation. DUSA was launched on Jan 11, 2017 and is managed by Davis.