Short Interest in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Drops By 96.4%

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 2,157 shares, a drop of 96.4% from the August 15th total of 59,273 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 122,461 shares, the short-interest ratio is presently 0.0 days.

ProShares Russell 2000 Dividend Growers ETF Stock Down 0.5%

Shares of BATS SMDV traded down $0.40 during trading on Thursday, hitting $74.95. The company had a trading volume of 199,366 shares, compared to its average volume of 47,363. The firm has a market capitalization of $752.50 million, a price-to-earnings ratio of 16.56 and a beta of 0.84. The stock has a fifty day simple moving average of $77.32 and a two-hundred day simple moving average of $73.83. ProShares Russell 2000 Dividend Growers ETF has a fifty-two week low of $63.86 and a fifty-two week high of $79.56.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 22,259 shares of the company’s stock valued at $1,460,000 after acquiring an additional 2,399 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the second quarter worth approximately $48,000. NewEdge Advisors LLC increased its position in shares of ProShares Russell 2000 Dividend Growers ETF by 8.0% during the second quarter. NewEdge Advisors LLC now owns 5,415 shares of the company’s stock worth $352,000 after purchasing an additional 402 shares in the last quarter. Jane Street Group LLC acquired a new position in ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter valued at $273,000. Finally, Ameriprise Financial Inc. raised its stake in ProShares Russell 2000 Dividend Growers ETF by 72.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 44,356 shares of the company’s stock valued at $2,886,000 after purchasing an additional 18,690 shares during the last quarter.

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.