ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) Sees Large Growth in Short Interest

ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 311 shares, an increase of 101.9% from the April 30th total of 154 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 6,249 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On ProShares S&P Technology Dividend Aristocrats ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in ProShares S&P Technology Dividend Aristocrats ETF in the fourth quarter worth $62,000. Farther Finance Advisors LLC purchased a new position in ProShares S&P Technology Dividend Aristocrats ETF during the fourth quarter valued at $131,000. Rossby Financial LCC purchased a new position in ProShares S&P Technology Dividend Aristocrats ETF during the fourth quarter valued at $427,000. Janney Montgomery Scott LLC raised its stake in ProShares S&P Technology Dividend Aristocrats ETF by 8.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,322 shares of the company’s stock valued at $894,000 after buying an additional 815 shares during the last quarter. Finally, AMJ Financial Wealth Management grew its stake in shares of ProShares S&P Technology Dividend Aristocrats ETF by 1.6% in the third quarter. AMJ Financial Wealth Management now owns 10,826 shares of the company’s stock worth $936,000 after acquiring an additional 173 shares during the last quarter.

ProShares S&P Technology Dividend Aristocrats ETF Price Performance

Shares of TDV stock opened at $104.07 on Monday. The stock has a market cap of $319.49 million, a price-to-earnings ratio of 28.94 and a beta of 1.08. The business’s fifty day moving average is $93.31 and its 200 day moving average is $89.94. ProShares S&P Technology Dividend Aristocrats ETF has a twelve month low of $76.71 and a twelve month high of $106.41.

About ProShares S&P Technology Dividend Aristocrats ETF

The ProShares S&P Technology Dividend Aristocrats ETF (TDV) is an exchange-traded fund that is based on the S&P Technology Dividend Aristocrats index. The fund tracks an equal-weighted index of U.S. technology companies that have dividend growth of at least 7 years. TDV was launched on Nov 5, 2019 and is managed by ProShares.