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

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 17,468 shares, an increase of 1,671.6% from the May 14th total of 986 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 26,664 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SMDV. Goldman Sachs Group Inc. boosted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 22,259 shares of the company’s stock worth $1,460,000 after purchasing an additional 2,399 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the second quarter worth $48,000. NewEdge Advisors LLC boosted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 8.0% during the second quarter. NewEdge Advisors LLC now owns 5,415 shares of the company’s stock worth $352,000 after purchasing an additional 402 shares in the last quarter. Jane Street Group LLC bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the second quarter worth $273,000. Finally, Ameriprise Financial Inc. boosted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 72.8% during the second quarter. Ameriprise Financial Inc. now owns 44,356 shares of the company’s stock worth $2,886,000 after purchasing an additional 18,690 shares in the last quarter.

ProShares Russell 2000 Dividend Growers ETF Stock Up 0.2%

Shares of BATS SMDV opened at $73.85 on Thursday. The company’s fifty day moving average is $71.98 and its 200-day moving average is $70.28. The stock has a market cap of $741.45 million, a price-to-earnings ratio of 16.56 and a beta of 0.84. ProShares Russell 2000 Dividend Growers ETF has a twelve month low of $63.36 and a twelve month high of $74.67.

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.