Short Interest in ProShares MSCI EAFE Dividend Growers ETF (BATS:EFAD) Expands By 141.4%

ProShares MSCI EAFE Dividend Growers ETF (BATS:EFAD) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 4,806 shares, an increase of 141.4% from the July 30th total of 1,991 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 4,734 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of ProShares MSCI EAFE Dividend Growers ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Key Financial Inc grew its holdings in ProShares MSCI EAFE Dividend Growers ETF by 26.5% during the 4th quarter. Key Financial Inc now owns 66,800 shares of the company’s stock worth $2,785,000 after acquiring an additional 13,980 shares in the last quarter. MWA Asset Management bought a new position in shares of ProShares MSCI EAFE Dividend Growers ETF during the first quarter valued at approximately $305,000. Fifth Third Bancorp bought a new position in shares of ProShares MSCI EAFE Dividend Growers ETF during the first quarter valued at approximately $54,000. Capital Square LLC purchased a new position in ProShares MSCI EAFE Dividend Growers ETF during the second quarter valued at approximately $336,000. Finally, Anson Capital Inc. increased its holdings in ProShares MSCI EAFE Dividend Growers ETF by 110.9% during the second quarter. Anson Capital Inc. now owns 44,642 shares of the company’s stock valued at $1,913,000 after buying an additional 23,473 shares during the period.

ProShares MSCI EAFE Dividend Growers ETF Stock Performance

Shares of BATS EFAD opened at $45.24 on Friday. ProShares MSCI EAFE Dividend Growers ETF has a 52-week low of $39.53 and a 52-week high of $45.58. The firm has a market capitalization of $75.10 million, a price-to-earnings ratio of 21.63 and a beta of 0.77. The stock has a 50 day moving average price of $43.70 and a 200 day moving average price of $42.81.

About ProShares MSCI EAFE Dividend Growers ETF

The ProShares MSCI EAFE Dividend Growers ETF (EFAD) is an exchange-traded fund that is based on the MSCI EAFE Dividend Masters index. The fund tracks an equally weighted broad-market index of developed-market companies, ex-North America, that have raised their dividend for each of the past 10 years. EFAD was launched on Aug 19, 2014 and is managed by ProShares.