Short Interest in ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Expands By 111.0%

ProShares S&P 500 Aristocrats ETF (BATS:NOBL) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 531,482 shares, an increase of 111.0% from the May 14th total of 251,935 shares. Based on an average trading volume of 996,591 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the company’s shares are sold short.

ProShares S&P 500 Aristocrats ETF Trading Up 0.5%

Shares of NOBL traded up $0.30 during trading hours on Friday, reaching $55.63. The stock had a trading volume of 874,329 shares, compared to its average volume of 1,415,515. The firm has a 50-day simple moving average of $53.83 and a 200 day simple moving average of $53.98. ProShares S&P 500 Aristocrats ETF has a 12 month low of $49.41 and a 12 month high of $57.65. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87.

Institutional Investors Weigh In On ProShares S&P 500 Aristocrats ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC increased its stake in ProShares S&P 500 Aristocrats ETF by 27.7% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 26,780 shares of the company’s stock valued at $2,787,000 after acquiring an additional 5,811 shares during the last quarter. ASL Financial LLC bought a new stake in ProShares S&P 500 Aristocrats ETF during the fourth quarter worth about $717,000. Yousif Capital Management LLC lifted its stake in ProShares S&P 500 Aristocrats ETF by 180.4% during the fourth quarter. Yousif Capital Management LLC now owns 39,522 shares of the company’s stock worth $4,281,000 after purchasing an additional 25,426 shares during the last quarter. Ameriflex Group Inc. boosted its holdings in shares of ProShares S&P 500 Aristocrats ETF by 133.9% in the 3rd quarter. Ameriflex Group Inc. now owns 49,104 shares of the company’s stock worth $5,061,000 after purchasing an additional 28,113 shares in the last quarter. Finally, Benchmark Financial LLC purchased a new position in shares of ProShares S&P 500 Aristocrats ETF in the 4th quarter worth about $7,057,000.

ProShares S&P 500 Aristocrats ETF Company Profile

The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is an exchange-traded fund that is based on the S&P 500 Dividend Aristocrats index. The fund tracks an equal-weighted index of S&P 500 constituents that have increased dividend payments annually for at least 25 years. NOBL was launched on Oct 9, 2013 and is managed by ProShares.