ProShares MSCI EAFE Dividend Growers ETF (BATS:EFAD) Sees Large Decline in Short Interest

ProShares MSCI EAFE Dividend Growers ETF (BATS:EFAD) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 507 shares, a drop of 62.0% from the May 31st total of 1,335 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 3,404 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of ProShares MSCI EAFE Dividend Growers ETF

Hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new stake in ProShares MSCI EAFE Dividend Growers ETF in the first quarter worth about $54,000. Osaic Holdings Inc. lifted its position in shares of ProShares MSCI EAFE Dividend Growers ETF by 67.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,376 shares of the company’s stock valued at $102,000 after buying an additional 960 shares in the last quarter. Smith Moore & CO. lifted its position in shares of ProShares MSCI EAFE Dividend Growers ETF by 9.2% during the 4th quarter. Smith Moore & CO. now owns 6,813 shares of the company’s stock valued at $284,000 after buying an additional 576 shares in the last quarter. MWA Asset Management bought a new position in shares of ProShares MSCI EAFE Dividend Growers ETF during the 1st quarter valued at approximately $305,000. Finally, Jane Street Group LLC grew its stake in shares of ProShares MSCI EAFE Dividend Growers ETF by 61.6% during the 1st quarter. Jane Street Group LLC now owns 9,181 shares of the company’s stock valued at $356,000 after acquiring an additional 3,501 shares during the period.

ProShares MSCI EAFE Dividend Growers ETF Price Performance

BATS:EFAD opened at $42.47 on Friday. The firm has a market capitalization of $70.50 million, a price-to-earnings ratio of 21.63 and a beta of 0.77. ProShares MSCI EAFE Dividend Growers ETF has a one year low of $39.53 and a one year high of $44.14. The business has a fifty day moving average price of $42.63 and a 200-day moving average price of $42.28.

About ProShares MSCI EAFE Dividend Growers ETF

The ProShares MSCI EAFE Dividend Growers ETF (EFAD) is an exchange-traded fund that is based on the MSCI EAFE Dividend Masters index. The fund tracks an equally weighted broad-market index of developed-market companies, ex-North America, that have raised their dividend for each of the past 10 years. EFAD was launched on Aug 19, 2014 and is managed by ProShares.