Davis Select Financial ETF (BATS:DFNL – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 9,847 shares, a growth of 546.6% from the May 31st total of 1,523 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 80,052 shares, the short-interest ratio is presently 0.1 days.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Thrivent Financial for Lutherans purchased a new stake in shares of Davis Select Financial ETF during the fourth quarter valued at $41,646,000. Royal Bank of Canada lifted its stake in Davis Select Financial ETF by 145.1% during the 1st quarter. Royal Bank of Canada now owns 126,975 shares of the company’s stock valued at $5,694,000 after acquiring an additional 75,169 shares during the period. Jane Street Group LLC lifted its stake in Davis Select Financial ETF by 260.6% during the 2nd quarter. Jane Street Group LLC now owns 50,000 shares of the company’s stock valued at $2,147,000 after acquiring an additional 36,136 shares during the period. LPL Financial LLC boosted its holdings in shares of Davis Select Financial ETF by 8.3% during the 4th quarter. LPL Financial LLC now owns 396,816 shares of the company’s stock valued at $19,178,000 after acquiring an additional 30,475 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Davis Select Financial ETF by 18.7% in the second quarter. Bank of America Corp DE now owns 192,240 shares of the company’s stock worth $8,255,000 after acquiring an additional 30,315 shares during the period.
Davis Select Financial ETF Stock Up 0.6%
Shares of BATS DFNL opened at $49.29 on Friday. Davis Select Financial ETF has a twelve month low of $42.21 and a twelve month high of $50.59. The firm has a market cap of $327.78 million, a P/E ratio of 13.00 and a beta of 0.97. The company has a 50 day moving average of $47.01 and a 200 day moving average of $47.26.
About Davis Select Financial ETF
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.
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