Touchstone Dividend Select ETF (NYSEARCA:DVND) Sees Large Growth in Short Interest

Touchstone Dividend Select ETF (NYSEARCA:DVND) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 5,588 shares, an increase of 1,813.7% from the October 15th total of 292 shares. Based on an average daily trading volume, of 1,377 shares, the short-interest ratio is currently 4.1 days. Approximately 0.4% of the shares of the company are sold short.

Touchstone Dividend Select ETF Stock Performance

DVND traded up $0.07 during trading on Thursday, hitting $40.10. The stock had a trading volume of 93 shares, compared to its average volume of 1,872. The firm has a market capitalization of $55.34 million, a P/E ratio of 21.26 and a beta of 0.82. The company’s 50-day moving average price is $39.09 and its 200 day moving average price is $38.07. Touchstone Dividend Select ETF has a twelve month low of $33.88 and a twelve month high of $40.26.

Touchstone Dividend Select ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were issued a $0.1650 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 29th. This is a positive change from Touchstone Dividend Select ETF’s previous quarterly dividend of $0.1639.

Hedge Funds Weigh In On Touchstone Dividend Select ETF

A hedge fund recently bought a new position in Touchstone Dividend Select ETF stock. Envestnet Asset Management Inc. purchased a new position in Touchstone Dividend Select ETF (NYSEARCA:DVND) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 270,765 shares of the company’s stock, valued at approximately $10,386,000. Envestnet Asset Management Inc. owned about 19.62% of Touchstone Dividend Select ETF as of its most recent filing with the Securities & Exchange Commission.

Touchstone Dividend Select ETF Company Profile

The Touchstone Dividend Select ETF (DVND) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks current income and capital appreciation by actively selecting US large-cap companies with sustainable competitive advantages that pay reliable, growing dividends at reasonable valuations. DVND was launched on Aug 2, 2022 and is managed by Touchstone.