ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Short Interest Update

ProShares S&P 500 Aristocrats ETF (BATS:NOBL) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 531,482 shares, a growth of 111.0% from the May 14th total of 251,935 shares. Based on an average daily trading volume, of 996,591 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the company’s stock are short sold.

Hedge Funds Weigh In On ProShares S&P 500 Aristocrats ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MCF Advisors LLC bought a new position in shares of ProShares S&P 500 Aristocrats ETF in the fourth quarter valued at approximately $26,000. Qube Research & Technologies Ltd bought a new stake in shares of ProShares S&P 500 Aristocrats ETF during the 2nd quarter worth $29,000. Nemes Rush Group LLC boosted its holdings in shares of ProShares S&P 500 Aristocrats ETF by 627.5% during the 3rd quarter. Nemes Rush Group LLC now owns 291 shares of the company’s stock worth $30,000 after buying an additional 251 shares during the period. TFC Financial Management Inc. acquired a new position in ProShares S&P 500 Aristocrats ETF in the 4th quarter valued at $30,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in ProShares S&P 500 Aristocrats ETF in the 4th quarter valued at $34,000.

ProShares S&P 500 Aristocrats ETF Stock Performance

Shares of BATS NOBL opened at $55.63 on Friday. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87. The business’s 50-day simple moving average is $53.83 and its 200-day simple moving average is $53.98. ProShares S&P 500 Aristocrats ETF has a 52 week low of $49.41 and a 52 week high of $57.65.

About ProShares S&P 500 Aristocrats ETF

The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is an exchange-traded fund that is based on the S&P 500 Dividend Aristocrats index. The fund tracks an equal-weighted index of S&P 500 constituents that have increased dividend payments annually for at least 25 years. NOBL was launched on Oct 9, 2013 and is managed by ProShares.