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

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) saw a large decline in short interest in October. As of October 30th, there was short interest totaling 11,738 shares, a decline of 73.6% from the October 15th total of 44,426 shares. Based on an average daily volume of 111,560 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

ProShares Russell 2000 Dividend Growers ETF Price Performance

SMDV stock opened at $74.75 on Friday. ProShares Russell 2000 Dividend Growers ETF has a 1-year low of $63.86 and a 1-year high of $79.56. The company has a market capitalization of $662.28 million, a price-to-earnings ratio of 18.29 and a beta of 0.79. The business has a 50 day simple moving average of $73.95 and a two-hundred day simple moving average of $73.68.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC purchased a new stake in ProShares Russell 2000 Dividend Growers ETF in the 3rd quarter worth $375,000. Fifth Third Bancorp boosted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 9.0% during the 3rd quarter. Fifth Third Bancorp now owns 10,808 shares of the company’s stock valued at $775,000 after purchasing an additional 896 shares during the last quarter. Landmark Wealth Management LLC grew its position in shares of ProShares Russell 2000 Dividend Growers ETF by 0.5% during the third quarter. Landmark Wealth Management LLC now owns 68,193 shares of the company’s stock valued at $4,891,000 after purchasing an additional 332 shares in the last quarter. Kestra Advisory Services LLC grew its position in shares of ProShares Russell 2000 Dividend Growers ETF by 10.0% during the third quarter. Kestra Advisory Services LLC now owns 5,060 shares of the company’s stock valued at $363,000 after purchasing an additional 462 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the third quarter valued at about $2,473,000.

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.