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

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,953 shares, a drop of 52.6% from the June 30th total of 6,232 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 90,556 shares, the short-interest ratio is presently 0.0 days.

ProShares Russell 2000 Dividend Growers ETF Price Performance

Shares of SMDV opened at $77.91 on Tuesday. The firm has a market capitalization of $782.22 million, a price-to-earnings ratio of 16.56 and a beta of 0.84. ProShares Russell 2000 Dividend Growers ETF has a 1-year low of $63.50 and a 1-year high of $79.43. The company has a 50-day moving average of $75.06 and a 200 day moving average of $72.40.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 22,259 shares of the company’s stock valued at $1,460,000 after acquiring an additional 2,399 shares in the last quarter. Franklin Resources Inc. bought a new stake in ProShares Russell 2000 Dividend Growers ETF during the 2nd quarter valued at $48,000. NewEdge Advisors LLC lifted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 8.0% in the 2nd quarter. NewEdge Advisors LLC now owns 5,415 shares of the company’s stock worth $352,000 after buying an additional 402 shares during the period. Jane Street Group LLC purchased a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter worth $273,000. Finally, Ameriprise Financial Inc. grew its position in shares of ProShares Russell 2000 Dividend Growers ETF by 72.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 44,356 shares of the company’s stock worth $2,886,000 after buying an additional 18,690 shares in the last quarter.

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.