Short Interest in Davis Select Financial ETF (BATS:DFNL) Decreases By 81.2%

Davis Select Financial ETF (BATS:DFNL) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 1,523 shares, a decrease of 81.2% from the May 14th total of 8,107 shares. Based on an average daily trading volume, of 35,243 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Davis Select Financial ETF Stock Performance

Shares of DFNL stock opened at $46.58 on Thursday. Davis Select Financial ETF has a 52-week low of $40.47 and a 52-week high of $50.59. The firm has a market capitalization of $309.76 million, a PE ratio of 13.00 and a beta of 0.97. The stock has a fifty day simple moving average of $46.56 and a two-hundred day simple moving average of $47.11.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DFNL. Thrivent Financial for Lutherans bought a new position in shares of Davis Select Financial ETF in the 4th quarter valued at about $41,646,000. Royal Bank of Canada lifted its holdings in shares of Davis Select Financial ETF by 145.1% in 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 last quarter. Jane Street Group LLC lifted its stake in Davis Select Financial ETF by 260.6% in the second quarter. Jane Street Group LLC now owns 50,000 shares of the company’s stock worth $2,147,000 after purchasing an additional 36,136 shares during the last quarter. LPL Financial LLC lifted its stake in Davis Select Financial ETF by 8.3% in the fourth quarter. LPL Financial LLC now owns 396,816 shares of the company’s stock worth $19,178,000 after purchasing an additional 30,475 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in 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 purchasing an additional 30,315 shares during the last quarter.

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.