Davis Select Financial ETF (BATS:DFNL – Get Free Report) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 10,803 shares, a decline of 64.0% from the September 15th total of 29,988 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 44,644 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Fifth Third Bancorp acquired a new stake in shares of Davis Select Financial ETF during the first quarter valued at about $39,000. Private Advisor Group LLC raised its stake in shares of Davis Select Financial ETF by 7.1% during the first quarter. Private Advisor Group LLC now owns 5,008 shares of the company’s stock valued at $225,000 after acquiring an additional 330 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Davis Select Financial ETF during the second quarter valued at $315,000. Janney Montgomery Scott LLC lifted its holdings in shares of Davis Select Financial ETF by 19.0% during the first quarter. Janney Montgomery Scott LLC now owns 24,972 shares of the company’s stock worth $1,120,000 after purchasing an additional 3,979 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of 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 Trading Down 0.3%
DFNL stock opened at $48.76 on Wednesday. The firm has a 50-day moving average price of $50.77 and a 200-day moving average price of $48.94. Davis Select Financial ETF has a 12 month low of $43.13 and a 12 month high of $53.09. The stock has a market capitalization of $324.25 million, a P/E ratio of 13.00 and a beta of 0.97.
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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