Short Interest in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Rises By 447.4%

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 16,164 shares, a growth of 447.4% from the July 15th total of 2,953 shares. Based on an average trading volume of 67,604 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

ProShares Russell 2000 Dividend Growers ETF Price Performance

Shares of SMDV stock opened at $78.43 on Thursday. The firm has a fifty day moving average of $76.54 and a two-hundred day moving average of $73.15. The firm has a market cap of $787.44 million, a P/E ratio of 16.56 and a beta of 0.84. ProShares Russell 2000 Dividend Growers ETF has a 1-year low of $63.86 and a 1-year high of $79.56.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

Hedge funds have recently bought and sold shares of the company. Howe & Rusling Inc. lifted its holdings in ProShares Russell 2000 Dividend Growers ETF by 4.6% during the 4th quarter. Howe & Rusling Inc. now owns 3,185 shares of the company’s stock worth $210,000 after buying an additional 141 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of ProShares Russell 2000 Dividend Growers ETF by 2.9% in the 4th quarter. NewEdge Advisors LLC now owns 5,267 shares of the company’s stock worth $348,000 after acquiring an additional 146 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 4.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,745 shares of the company’s stock valued at $248,000 after acquiring an additional 151 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 2.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 8,135 shares of the company’s stock valued at $538,000 after acquiring an additional 162 shares during the last quarter. Finally, Comerica Bank raised its position in shares of ProShares Russell 2000 Dividend Growers ETF by 3.1% during the 3rd quarter. Comerica Bank now owns 9,973 shares of the company’s stock valued at $665,000 after acquiring an additional 302 shares in the last quarter.

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.