Short Interest in Davis Select U.S. Equity ETF (BATS:DUSA) Expands By 865.4%

Davis Select U.S. Equity ETF (BATS:DUSA) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 74,793 shares, a growth of 865.4% from the April 30th total of 7,747 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 50,045 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Morgan Stanley increased its holdings in shares of Davis Select U.S. Equity ETF by 3.9% in the 4th quarter. Morgan Stanley now owns 4,312,238 shares of the company’s stock valued at $220,485,000 after acquiring an additional 163,801 shares during the period. Bank of America Corp DE increased its holdings in shares of Davis Select U.S. Equity ETF by 6.1% in the 1st quarter. Bank of America Corp DE now owns 1,631,655 shares of the company’s stock valued at $82,790,000 after acquiring an additional 94,125 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of Davis Select U.S. Equity ETF by 2.1% in the 4th quarter. Kestra Advisory Services LLC now owns 921,862 shares of the company’s stock valued at $47,135,000 after acquiring an additional 19,364 shares during the period. UBS Group AG increased its holdings in shares of Davis Select U.S. Equity ETF by 3.0% in the 4th quarter. UBS Group AG now owns 564,410 shares of the company’s stock valued at $28,858,000 after acquiring an additional 16,521 shares during the period. Finally, Next Level Private LLC increased its holdings in shares of Davis Select U.S. Equity ETF by 16.7% in the 1st quarter. Next Level Private LLC now owns 435,158 shares of the company’s stock valued at $22,080,000 after acquiring an additional 62,218 shares during the period.

Davis Select U.S. Equity ETF Stock Down 0.2%

DUSA opened at $55.99 on Friday. The stock’s fifty day moving average is $53.66 and its two-hundred day moving average is $52.11. The company has a market capitalization of $884.64 million, a P/E ratio of 17.61 and a beta of 0.97. Davis Select U.S. Equity ETF has a 52 week low of $43.05 and a 52 week high of $56.46.

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.