ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sees Significant Decline in Short Interest

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,953 shares, a drop of 52.6% from the June 30th total of 6,232 shares. Based on an average trading volume of 90,556 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG increased its stake in ProShares Russell 2000 Dividend Growers ETF by 9.0% in the 3rd quarter. UBS Group AG now owns 412,095 shares of the company’s stock valued at $27,462,000 after buying an additional 34,111 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 72.8% in the second quarter. Ameriprise Financial Inc. now owns 44,356 shares of the company’s stock valued at $2,886,000 after acquiring an additional 18,690 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 248.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,622 shares of the company’s stock worth $1,600,000 after acquiring an additional 16,851 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 100.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 23,045 shares of the company’s stock worth $1,523,000 after acquiring an additional 11,570 shares during the period. Finally, Fifth Third Bancorp purchased a new position in ProShares Russell 2000 Dividend Growers ETF during the first quarter worth about $682,000.

ProShares Russell 2000 Dividend Growers ETF Trading Down 1.2%

Shares of SMDV stock opened at $77.87 on Thursday. The company has a market capitalization of $781.81 million, a P/E ratio of 16.56 and a beta of 0.84. The business’s 50 day moving average is $75.35 and its two-hundred day moving average is $72.55. ProShares Russell 2000 Dividend Growers ETF has a twelve month low of $63.50 and a twelve month high of $79.43.

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.