Davis Select Financial ETF (BATS:DFNL) Sees Large Decrease in Short Interest

Davis Select Financial ETF (BATS:DFNL) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 10,803 shares, a drop of 64.0% from the September 15th total of 29,988 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 44,644 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Davis Select Financial ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its position in shares of Davis Select Financial ETF by 5.2% during the 1st quarter. Bank of America Corp DE now owns 209,529 shares of the company’s stock valued at $9,395,000 after acquiring an additional 10,288 shares in the last quarter. Royal Bank of Canada raised its position in Davis Select Financial ETF by 145.1% in the first quarter. Royal Bank of Canada now owns 126,975 shares of the company’s stock worth $5,694,000 after purchasing an additional 75,169 shares in the last quarter. Sanctuary Advisors LLC raised its position in Davis Select Financial ETF by 4.6% in the first quarter. Sanctuary Advisors LLC now owns 89,380 shares of the company’s stock worth $4,008,000 after purchasing an additional 3,905 shares in the last quarter. Kestra Advisory Services LLC raised its position in Davis Select Financial ETF by 5.7% in the first quarter. Kestra Advisory Services LLC now owns 45,860 shares of the company’s stock worth $2,056,000 after purchasing an additional 2,473 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Davis Select Financial ETF by 53.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 28,323 shares of the company’s stock worth $1,398,000 after purchasing an additional 9,816 shares during the period.

Davis Select Financial ETF Price Performance

DFNL opened at $48.93 on Tuesday. Davis Select Financial ETF has a fifty-two week low of $43.13 and a fifty-two week high of $53.09. The firm’s fifty day moving average price is $50.84 and its two-hundred day moving average price is $48.91. The company has a market capitalization of $325.38 million, a P/E ratio of 13.00 and a beta of 0.97.

Davis Select Financial ETF Company Profile

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.