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

ProShares MSCI EAFE Dividend Growers ETF (BATS:EFAD) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 288 shares, a drop of 92.4% from the April 15th total of 3,784 shares. Based on an average trading volume of 5,733 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

ProShares MSCI EAFE Dividend Growers ETF Trading Down 0.3%

Shares of EFAD stock opened at $42.70 on Tuesday. The stock has a 50 day moving average of $41.90 and a two-hundred day moving average of $42.11. ProShares MSCI EAFE Dividend Growers ETF has a 12 month low of $39.53 and a 12 month high of $44.14. The company has a market capitalization of $70.88 million, a P/E ratio of 21.63 and a beta of 0.77.

Institutional Trading of ProShares MSCI EAFE Dividend Growers ETF

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp bought a new stake in shares of ProShares MSCI EAFE Dividend Growers ETF in the 1st quarter worth approximately $54,000. Osaic Holdings Inc. boosted 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 acquiring an additional 960 shares in the last quarter. Jones Financial Companies Lllp increased its stake in ProShares MSCI EAFE Dividend Growers ETF by 22.1% in the third quarter. Jones Financial Companies Lllp now owns 2,952 shares of the company’s stock valued at $123,000 after acquiring an additional 535 shares during the period. Smith Moore & CO. increased its stake in ProShares MSCI EAFE Dividend Growers ETF by 9.2% in the fourth quarter. Smith Moore & CO. now owns 6,813 shares of the company’s stock valued at $284,000 after acquiring an additional 576 shares during the period. Finally, MWA Asset Management acquired a new position in ProShares MSCI EAFE Dividend Growers ETF in the first quarter worth about $305,000.

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.