ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Short Interest Up 101.6% in June

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 6,232 shares, an increase of 101.6% from the June 15th total of 3,091 shares. Based on an average trading volume of 42,704 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

Shares of BATS SMDV opened at $76.87 on Thursday. ProShares Russell 2000 Dividend Growers ETF has a one year low of $63.50 and a one year high of $77.80. The firm has a market capitalization of $771.77 million, a P/E ratio of 16.56 and a beta of 0.84. The company’s fifty day moving average is $74.06 and its two-hundred day moving average is $71.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMDV. UBS Group AG boosted its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 9.0% during the 3rd quarter. UBS Group AG now owns 412,095 shares of the company’s stock worth $27,462,000 after acquiring an additional 34,111 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in 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 during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in ProShares Russell 2000 Dividend Growers ETF by 248.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,622 shares of the company’s stock worth $1,600,000 after purchasing an additional 16,851 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in ProShares Russell 2000 Dividend Growers ETF by 100.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 23,045 shares of the company’s stock worth $1,523,000 after purchasing an additional 11,570 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new stake in ProShares Russell 2000 Dividend Growers ETF during the first quarter worth $682,000.

ProShares Russell 2000 Dividend Growers ETF Company Profile

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.