ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Short Interest Down 34.1% in August

ProShares S&P 500 Aristocrats ETF (BATS:NOBL) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 460,289 shares, a drop of 34.1% from the August 15th total of 698,008 shares. Based on an average daily trading volume, of 912,325 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the shares of the stock are short sold.

ProShares S&P 500 Aristocrats ETF Price Performance

ProShares S&P 500 Aristocrats ETF stock opened at $55.58 on Friday. ProShares S&P 500 Aristocrats ETF has a 1 year low of $50.12 and a 1 year high of $59.30. The firm’s 50 day moving average price is $57.53 and its 200-day moving average price is $55.44. The stock has a market cap of $6.30 billion, a P/E ratio of 21.15 and a beta of 0.87.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rockland Trust Co. increased its holdings in shares of ProShares S&P 500 Aristocrats ETF by 106.0% in the 2nd quarter. Rockland Trust Co. now owns 1,498,301 shares of the company’s stock worth $84,145,000 after buying an additional 770,811 shares during the last quarter. Baird Financial Group Inc. increased its stake in ProShares S&P 500 Aristocrats ETF by 100.9% during the second quarter. Baird Financial Group Inc. now owns 725,687 shares of the company’s stock worth $40,755,000 after acquiring an additional 364,452 shares during the last quarter. Tidal Investments LLC purchased a new stake in ProShares S&P 500 Aristocrats ETF during the second quarter valued at approximately $22,128,000. TD Waterhouse Canada Inc. lifted its stake in shares of ProShares S&P 500 Aristocrats ETF by 101.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 372,694 shares of the company’s stock valued at $21,127,000 after purchasing an additional 188,027 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of ProShares S&P 500 Aristocrats ETF by 4.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 357,659 shares of the company’s stock valued at $37,222,000 after acquiring an additional 14,272 shares during the period.

ProShares S&P 500 Aristocrats ETF Company Profile

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.