ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Short Interest Update

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 17,468 shares, a growth of 1,671.6% from the May 14th total of 986 shares. Based on an average daily volume of 26,664 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of ProShares Russell 2000 Dividend Growers ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC purchased a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the fourth quarter worth $28,000. Cornerstone Planning Group LLC bought a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the 4th quarter worth about $37,000. Advisory Services Network LLC bought a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the 3rd quarter worth about $37,000. Franklin Resources Inc. purchased a new position in ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter worth about $48,000. Finally, Kestra Advisory Services LLC purchased a new position in ProShares Russell 2000 Dividend Growers ETF in the 4th quarter worth about $186,000.

ProShares Russell 2000 Dividend Growers ETF Trading Up 1.3%

SMDV stock traded up $0.93 during midday trading on Tuesday, reaching $73.70. 38,004 shares of the company’s stock traded hands, compared to its average volume of 20,305. ProShares Russell 2000 Dividend Growers ETF has a 52-week low of $63.36 and a 52-week high of $74.43. The stock has a market cap of $739.95 million, a P/E ratio of 16.56 and a beta of 0.84. The stock’s 50-day moving average is $71.75 and its 200 day moving average is $70.14.

ProShares Russell 2000 Dividend Growers ETF Company Profile

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.