ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sees Significant Decline in Short Interest

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 3,091 shares, a drop of 82.3% from the May 31st total of 17,468 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 26,756 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

A number of large investors have recently made changes to their positions in the company. Sound Income Strategies LLC bought a new position in ProShares Russell 2000 Dividend Growers ETF during the 4th quarter valued at about $28,000. Cornerstone Planning Group LLC bought a new stake in ProShares Russell 2000 Dividend Growers ETF in the fourth quarter worth about $37,000. Advisory Services Network LLC bought a new stake in ProShares Russell 2000 Dividend Growers ETF in the third quarter worth about $37,000. Franklin Resources Inc. purchased a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the second quarter valued at approximately $48,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the fourth quarter valued at approximately $186,000.

ProShares Russell 2000 Dividend Growers ETF Stock Up 1.1%

BATS SMDV opened at $77.67 on Friday. ProShares Russell 2000 Dividend Growers ETF has a 52 week low of $63.50 and a 52 week high of $77.75. The firm has a market capitalization of $779.81 million, a price-to-earnings ratio of 16.56 and a beta of 0.84. The company has a fifty day moving average of $73.04 and a two-hundred day moving average of $70.97.

About ProShares Russell 2000 Dividend Growers ETF

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.