Short Interest in ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) Drops By 90.2%

ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 695 shares, a decline of 90.2% from the August 15th total of 7,068 shares. Based on an average daily trading volume, of 5,378 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

ProShares S&P Technology Dividend Aristocrats ETF Trading Down 0.6%

Shares of TDV stock traded down $0.64 during trading hours on Thursday, hitting $99.68. 8,132 shares of the company were exchanged, compared to its average volume of 6,875. The business has a 50 day moving average of $100.54 and a two-hundred day moving average of $96.73. ProShares S&P Technology Dividend Aristocrats ETF has a 52 week low of $81.52 and a 52 week high of $106.70. The company has a market capitalization of $306.02 million, a PE ratio of 28.94 and a beta of 1.08.

Hedge Funds Weigh In On ProShares S&P Technology Dividend Aristocrats ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Magnolia Capital Management Ltd. bought a new position in ProShares S&P Technology Dividend Aristocrats ETF during the 2nd quarter worth about $239,000. Rossby Financial LCC bought a new stake in shares of ProShares S&P Technology Dividend Aristocrats ETF in the fourth quarter valued at about $427,000. Janney Montgomery Scott LLC boosted its position in shares of ProShares S&P Technology Dividend Aristocrats ETF by 8.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,322 shares of the company’s stock worth $894,000 after buying an additional 815 shares during the period. Ascentis Independent Advisors boosted its position in shares of ProShares S&P Technology Dividend Aristocrats ETF by 332.6% during the first quarter. Ascentis Independent Advisors now owns 20,333 shares of the company’s stock worth $1,722,000 after buying an additional 15,633 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of ProShares S&P Technology Dividend Aristocrats ETF by 231.8% during the third quarter. NewEdge Advisors LLC now owns 28,610 shares of the company’s stock worth $2,475,000 after buying an additional 19,988 shares in the last quarter.

ProShares S&P Technology Dividend Aristocrats ETF Company Profile

The ProShares S&P Technology Dividend Aristocrats ETF (TDV) is an exchange-traded fund that is based on the S&P Technology Dividend Aristocrats index. The fund tracks an equal-weighted index of U.S. technology companies that have dividend growth of at least 7 years. TDV was launched on Nov 5, 2019 and is managed by ProShares.