Short Interest in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Rises By 266.7%

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 59,273 shares, a growth of 266.7% from the July 30th total of 16,164 shares. Based on an average trading volume of 148,949 shares, the short-interest ratio is presently 0.4 days. Currently, 0.6% of the company’s shares are short sold.

ProShares Russell 2000 Dividend Growers ETF Trading Down 0.3%

ProShares Russell 2000 Dividend Growers ETF stock opened at $76.77 on Friday. The firm has a 50-day moving average price of $77.33 and a 200-day moving average price of $73.66. The firm has a market capitalization of $770.77 million, a PE 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.

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 company. Goldman Sachs Group Inc. boosted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 22,259 shares of the company’s stock valued at $1,460,000 after buying an additional 2,399 shares during the period. Franklin Resources Inc. bought a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the 2nd quarter worth approximately $48,000. NewEdge Advisors LLC lifted its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 8.0% during the 2nd quarter. NewEdge Advisors LLC now owns 5,415 shares of the company’s stock worth $352,000 after acquiring an additional 402 shares during the last quarter. Jane Street Group LLC purchased a new position in ProShares Russell 2000 Dividend Growers ETF during the 2nd quarter valued at $273,000. Finally, Ameriprise Financial Inc. boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 72.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 44,356 shares of the company’s stock valued at $2,886,000 after acquiring an additional 18,690 shares during the period.

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.