ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Sees Significant Increase in Short Interest

ProShares S&P 500 Aristocrats ETF (BATS:NOBL) saw 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 daily volume of 996,591 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC increased its holdings in shares of ProShares S&P 500 Aristocrats ETF by 16.3% in the 1st quarter. Parallel Advisors LLC now owns 8,960 shares of the company’s stock valued at $950,000 after acquiring an additional 1,258 shares during the last quarter. Dala Group LLC purchased a new position in shares of ProShares S&P 500 Aristocrats ETF in the 1st quarter valued at about $1,797,000. Ipsen Advisor Group LLC increased its holdings in shares of ProShares S&P 500 Aristocrats ETF by 4.5% in the 1st quarter. Ipsen Advisor Group LLC now owns 23,234 shares of the company’s stock valued at $2,463,000 after acquiring an additional 995 shares during the last quarter. Lavelle Capital LP purchased a new position in shares of ProShares S&P 500 Aristocrats ETF in the 1st quarter valued at about $457,000. Finally, Glenmede Trust Co. NA increased its holdings in shares of ProShares S&P 500 Aristocrats ETF by 111.2% in the 1st quarter. Glenmede Trust Co. NA now owns 4,284 shares of the company’s stock valued at $454,000 after acquiring an additional 2,256 shares during the last quarter.

ProShares S&P 500 Aristocrats ETF Price Performance

Shares of BATS NOBL opened at $55.63 on Monday. The stock’s 50-day moving average is $53.83 and its two-hundred day moving average is $53.99. ProShares S&P 500 Aristocrats ETF has a 1-year low of $49.41 and a 1-year high of $57.65. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87.

About ProShares S&P 500 Aristocrats ETF

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.