ProShares MSCI EAFE Dividend Growers ETF (BATS:EFAD) Short Interest Up 141.4% in August

ProShares MSCI EAFE Dividend Growers ETF (BATS:EFAD) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 4,806 shares, an increase of 141.4% from the July 30th total of 1,991 shares. Based on an average daily trading volume, of 4,734 shares, the short-interest ratio is presently 1.0 days. Approximately 0.3% of the company’s stock are short sold.

ProShares MSCI EAFE Dividend Growers ETF Stock Down 0.1%

Shares of EFAD opened at $45.24 on Friday. The company has a 50 day moving average of $43.70 and a two-hundred day moving average of $42.81. ProShares MSCI EAFE Dividend Growers ETF has a twelve month low of $39.53 and a twelve month high of $45.58. The company has a market cap of $75.10 million, a price-to-earnings ratio of 21.63 and a beta of 0.77.

Hedge Funds Weigh In On ProShares MSCI EAFE Dividend Growers ETF

Several hedge funds and other institutional investors have recently modified their holdings of EFAD. Flow Traders U.S. LLC purchased a new stake in ProShares MSCI EAFE Dividend Growers ETF during the 3rd quarter worth approximately $1,565,000. Key Financial Inc grew its holdings in shares of ProShares MSCI EAFE Dividend Growers ETF by 38.7% during the first quarter. Key Financial Inc now owns 92,671 shares of the company’s stock valued at $3,794,000 after buying an additional 25,871 shares during the last quarter. Anson Capital Inc. increased its position in shares of ProShares MSCI EAFE Dividend Growers ETF by 110.9% in the 2nd quarter. Anson Capital Inc. now owns 44,642 shares of the company’s stock valued at $1,913,000 after acquiring an additional 23,473 shares during the period. Bank of America Corp DE raised its stake in ProShares MSCI EAFE Dividend Growers ETF by 45.3% in the 2nd quarter. Bank of America Corp DE now owns 57,561 shares of the company’s stock worth $2,471,000 after acquiring an additional 17,956 shares during the last quarter. Finally, Capital Square LLC acquired a new stake in ProShares MSCI EAFE Dividend Growers ETF during the 2nd quarter worth about $336,000.

ProShares MSCI EAFE Dividend Growers ETF Company Profile

The ProShares MSCI EAFE Dividend Growers ETF (EFAD) is an exchange-traded fund that is based on the MSCI EAFE Dividend Masters index. The fund tracks an equally weighted broad-market index of developed-market companies, ex-North America, that have raised their dividend for each of the past 10 years. EFAD was launched on Aug 19, 2014 and is managed by ProShares.