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 recipient 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. Based on an average daily volume of 122,461 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the second quarter valued at about $31,000. Ameritas Advisory Services LLC bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the 2nd quarter worth approximately $34,000. Advisory Services Network LLC bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the 3rd quarter worth approximately $37,000. Franklin Resources Inc. purchased a new stake in ProShares Russell 2000 Dividend Growers ETF during the second quarter valued at approximately $48,000. Finally, Kestra Advisory Services LLC purchased a new stake in ProShares Russell 2000 Dividend Growers ETF during the fourth quarter valued at approximately $186,000.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

BATS:SMDV traded down $0.40 during trading hours on Thursday, reaching $74.95. The company’s stock had a trading volume of 199,366 shares, compared to its average volume of 47,363. The stock has a 50 day moving average price of $77.32 and a two-hundred day moving average price of $73.83. The company has a market capitalization of $752.50 million, a P/E ratio of 16.56 and a beta of 0.84. ProShares Russell 2000 Dividend Growers ETF has a 12 month low of $63.86 and a 12 month high of $79.56.

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.