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 days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the company’s stock are sold short.

ProShares Russell 2000 Dividend Growers ETF Trading Up 0.2%

SMDV opened at $77.03 on Thursday. The stock has a market cap of $773.38 million, a price-to-earnings ratio of 16.56 and a beta of 0.84. ProShares Russell 2000 Dividend Growers ETF has a 1 year low of $63.86 and a 1 year high of $79.56. The stock has a fifty day moving average price of $77.29 and a 200 day moving average price of $73.63.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Avant Capital LLC acquired a new position in ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter valued at $3,165,000. UBS Group AG raised its holdings in ProShares Russell 2000 Dividend Growers ETF by 9.0% in the 3rd quarter. UBS Group AG now owns 412,095 shares of the company’s stock worth $27,462,000 after acquiring an additional 34,111 shares during the period. Ameriprise Financial Inc. lifted its position 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 worth $2,886,000 after acquiring an additional 18,690 shares during the last quarter. Compass Financial Management LLC acquired a new position in ProShares Russell 2000 Dividend Growers ETF during the 2nd quarter worth $1,351,000. Finally, Goldman Sachs Group Inc. lifted its position in ProShares Russell 2000 Dividend Growers ETF by 100.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 23,045 shares of the company’s stock worth $1,523,000 after acquiring an additional 11,570 shares during the last quarter.

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.