Short Interest in ProShares MSCI Emerging Markets Dividend Growers ETF (BATS:EMDV) Increases By 277.5%

ProShares MSCI Emerging Markets Dividend Growers ETF (BATS:EMDV) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 268 shares, an increase of 277.5% from the May 14th total of 71 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 196 shares, the days-to-cover ratio is currently 1.4 days.

ProShares MSCI Emerging Markets Dividend Growers ETF Stock Performance

EMDV stock remained flat at $46.71 during trading on Friday. The company had a trading volume of 413 shares, compared to its average volume of 371. The stock’s 50-day moving average is $47.10 and its 200-day moving average is $46.94. The firm has a market capitalization of $8.17 million, a P/E ratio of 12.95 and a beta of 0.49. ProShares MSCI Emerging Markets Dividend Growers ETF has a 52 week low of $44.31 and a 52 week high of $48.73.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares MSCI Emerging Markets Dividend Growers ETF stock. Nations Financial Group Inc. IA ADV boosted its stake in shares of ProShares MSCI Emerging Markets Dividend Growers ETF (BATS:EMDV) by 3.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,328 shares of the company’s stock after acquiring an additional 582 shares during the quarter. Nations Financial Group Inc. IA ADV owned 11.04% of ProShares MSCI Emerging Markets Dividend Growers ETF worth $885,000 at the end of the most recent reporting period.

ProShares MSCI Emerging Markets Dividend Growers ETF Company Profile

The ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) is an exchange-traded fund that is based on the MSCI EM Dividend Masters index. The fund tracks an index composed of companies in the MSCI Emerging Markets Index that have consistent dividend growth for seven years. EMDV was launched on Jan 25, 2016 and is managed by ProShares.