iShares International Select Dividend ETF (BATS:IDV) Stock Short Interest Climbs 140.4%

iShares International Select Dividend ETF (BATS:IDV) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 856,488 shares, an increase of 140.4% from the October 15th total of 356,345 shares. Based on an average daily trading volume, of 706,932 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Compass Financial Management LLC purchased a new position in iShares International Select Dividend ETF during the 2nd quarter valued at about $26,000. Rosenberg Matthew Hamilton purchased a new stake in shares of iShares International Select Dividend ETF during the third quarter valued at approximately $38,000. North Star Investment Management Corp. purchased a new stake in shares of iShares International Select Dividend ETF during the third quarter valued at approximately $45,000. Bessemer Group Inc. bought a new stake in shares of iShares International Select Dividend ETF during the first quarter valued at approximately $53,000. Finally, Putney Financial Group LLC bought a new stake in shares of iShares International Select Dividend ETF during the third quarter valued at approximately $93,000.

iShares International Select Dividend ETF Trading Up 0.4%

Shares of IDV stock traded up $0.19 during trading hours on Friday, reaching $42.93. The company’s stock had a trading volume of 1,322,018 shares, compared to its average volume of 1,022,666. The stock has a market capitalization of $8.39 billion, a P/E ratio of 11.35 and a beta of 0.66. iShares International Select Dividend ETF has a one year low of $36.94 and a one year high of $45.49. The firm’s fifty day simple moving average is $42.92 and its 200 day simple moving average is $43.32.

About iShares International Select Dividend ETF

iShares International Select Dividend ETF, formerly iShares Dow Jones International Select Dividend Index Fund, seeks investment results that correspond to the price and yield performance of the Dow Jones EPAC Select Dividend Index (the Index). The Index measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones World Developed-Ex.