Short Interest in ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) Expands By 1,386.9%

ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 3,851 shares, a growth of 1,386.9% from the May 31st total of 259 shares. Based on an average daily trading volume, of 8,028 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

ProShares S&P Technology Dividend Aristocrats ETF Trading Down 1.9%

BATS TDV opened at $100.18 on Friday. The firm’s 50 day simple moving average is $99.80 and its 200 day simple moving average is $92.35. The firm has a market capitalization of $307.55 million, a price-to-earnings ratio of 28.94 and a beta of 1.08. ProShares S&P Technology Dividend Aristocrats ETF has a 1 year low of $81.52 and a 1 year high of $106.70.

Hedge Funds Weigh In On ProShares S&P Technology Dividend Aristocrats ETF

Several hedge funds and other institutional investors have recently modified their holdings of TDV. Sound Income Strategies LLC acquired a new position in shares of ProShares S&P Technology Dividend Aristocrats ETF during the 4th quarter worth $62,000. Farther Finance Advisors LLC bought a new position in ProShares S&P Technology Dividend Aristocrats ETF in the fourth quarter valued at about $131,000. Rossby Financial LCC bought a new position in ProShares S&P Technology Dividend Aristocrats ETF in the fourth quarter valued at about $427,000. Janney Montgomery Scott LLC grew its position in ProShares S&P Technology Dividend Aristocrats ETF by 8.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,322 shares of the company’s stock valued at $894,000 after acquiring an additional 815 shares during the last quarter. Finally, Ascentis Independent Advisors raised its stake in ProShares S&P Technology Dividend Aristocrats ETF by 332.6% during the first quarter. Ascentis Independent Advisors now owns 20,333 shares of the company’s stock worth $1,722,000 after acquiring an additional 15,633 shares in the last quarter.

ProShares S&P Technology Dividend Aristocrats ETF Company Profile

The ProShares S&P Technology Dividend Aristocrats ETF (TDV) is an exchange-traded fund that is based on the S&P Technology Dividend Aristocrats index. The fund tracks an equal-weighted index of U.S. technology companies that have dividend growth of at least 7 years. TDV was launched on Nov 5, 2019 and is managed by ProShares.