iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) Sees Significant Decrease in Short Interest

iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 143,172 shares, a drop of 54.3% from the July 15th total of 313,154 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 178,516 shares, the short-interest ratio is presently 0.8 days.

iShares Emerging Markets Dividend ETF Trading Down 0.3%

Shares of DVYE stock traded down $0.09 on Friday, hitting $33.90. The stock had a trading volume of 110,293 shares, compared to its average volume of 213,719. iShares Emerging Markets Dividend ETF has a twelve month low of $28.63 and a twelve month high of $35.95. The firm has a market cap of $1.21 billion, a P/E ratio of 7.78 and a beta of 0.50. The company has a fifty day moving average price of $33.37 and a two-hundred day moving average price of $34.12.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its holdings in shares of iShares Emerging Markets Dividend ETF by 44.5% in the first quarter. Janney Montgomery Scott LLC now owns 158,519 shares of the company’s stock worth $5,450,000 after acquiring an additional 48,825 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings 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. Argent Advisors Inc. lifted its holdings in shares of iShares Emerging Markets Dividend ETF by 0.9% during the 1st quarter. Argent Advisors Inc. now owns 235,524 shares of the company’s stock valued at $8,097,000 after purchasing an additional 1,992 shares in the last quarter. Sound Income Strategies LLC acquired a new position in shares of iShares Emerging Markets Dividend ETF in the 1st quarter valued at approximately $139,000. Finally, JPMorgan Chase & Co. grew its position in shares of iShares Emerging Markets Dividend ETF by 69.8% in the 4th quarter. JPMorgan Chase & Co. now owns 277,124 shares of the company’s stock valued at $8,635,000 after purchasing an additional 113,873 shares during the period.

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.