ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sees Large Increase in Short Interest

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 16,164 shares, an increase of 447.4% from the July 15th total of 2,953 shares. Based on an average daily trading volume, of 67,604 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of ProShares Russell 2000 Dividend Growers ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC bought a new position in ProShares Russell 2000 Dividend Growers ETF in the fourth quarter worth $28,000. Cornerstone Planning Group LLC bought a new stake in ProShares Russell 2000 Dividend Growers ETF in the 4th quarter valued at $37,000. Advisory Services Network LLC bought a new stake in ProShares Russell 2000 Dividend Growers ETF in the 3rd quarter valued at $37,000. Franklin Resources Inc. acquired a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter valued at $48,000. Finally, Wealthcare Capital Partners LLC acquired a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter valued at $202,000.

ProShares Russell 2000 Dividend Growers ETF Stock Up 0.2%

ProShares Russell 2000 Dividend Growers ETF stock opened at $78.59 on Friday. The business has a 50 day moving average price of $76.66 and a two-hundred day moving average price of $73.22. The stock has a market cap of $789.04 million, a price-to-earnings ratio of 16.56 and a beta of 0.84. ProShares Russell 2000 Dividend Growers ETF has a 12 month low of $63.86 and a 12 month high of $79.56.

About ProShares Russell 2000 Dividend Growers ETF

The ProShares Russell 2000 Dividend Growers ETF (SMDV) is an exchange-traded fund that is based on the Russell 2000 Dividend Growth index. The fund tracks an index of US small-cap stocks with a 10-year record of increasing dividends. Stocks are equally weighted. SMDV was launched on Feb 5, 2015 and is managed by ProShares.