ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Short Interest Update

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

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

Hedge funds have recently modified their holdings of the company. Western Wealth Management LLC bought a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the 1st quarter valued at about $207,000. MWA Asset Management bought a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the 1st quarter valued at about $219,000. Geneos Wealth Management Inc. boosted its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 6.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 8,646 shares of the company’s stock valued at $595,000 after purchasing an additional 511 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 2.7% during the 1st quarter. Sanctuary Advisors LLC now owns 59,116 shares of the company’s stock valued at $4,067,000 after purchasing an additional 1,564 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the 1st quarter valued at about $682,000.

ProShares Russell 2000 Dividend Growers ETF Trading Up 1.3%

Shares of SMDV stock traded up $0.93 during mid-day trading on Tuesday, reaching $73.70. The stock had a trading volume of 38,004 shares, compared to its average volume of 20,305. The stock’s 50-day moving average price is $71.75 and its two-hundred day moving average price is $70.14. ProShares Russell 2000 Dividend Growers ETF has a 52-week low of $63.36 and a 52-week high of $74.43. The firm has a market capitalization of $739.95 million, a PE ratio of 16.56 and a beta of 0.84.

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.