Short Interest in ProShares MSCI EAFE Dividend Growers ETF (BATS:EFAD) Grows By 544.2%

ProShares MSCI EAFE Dividend Growers ETF (BATS:EFAD) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 4,342 shares, an increase of 544.2% from the June 30th total of 674 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 3,227 shares, the short-interest ratio is currently 1.3 days.

ProShares MSCI EAFE Dividend Growers ETF Price Performance

EFAD opened at $42.61 on Friday. ProShares MSCI EAFE Dividend Growers ETF has a 1 year low of $39.53 and a 1 year high of $44.14. The company has a market capitalization of $70.73 million, a price-to-earnings ratio of 21.63 and a beta of 0.77. The firm’s fifty day moving average price is $42.77 and its two-hundred day moving average price is $42.42.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its position in ProShares MSCI EAFE Dividend Growers ETF by 61.6% in the 1st quarter. Jane Street Group LLC now owns 9,181 shares of the company’s stock worth $356,000 after purchasing an additional 3,501 shares in the last quarter. Bank of America Corp DE lifted its holdings in ProShares MSCI EAFE Dividend Growers ETF by 45.3% during the second quarter. Bank of America Corp DE now owns 57,561 shares of the company’s stock worth $2,471,000 after acquiring an additional 17,956 shares during the period. Osaic Holdings Inc. boosted its position in ProShares MSCI EAFE Dividend Growers ETF by 67.8% in the second quarter. Osaic Holdings Inc. now owns 2,376 shares of the company’s stock worth $102,000 after purchasing an additional 960 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of ProShares MSCI EAFE Dividend Growers ETF by 2.9% during the 3rd quarter. Raymond James Financial Inc. now owns 155,466 shares of the company’s stock worth $6,553,000 after purchasing an additional 4,389 shares during the period. Finally, Flow Traders U.S. LLC bought a new stake in shares of ProShares MSCI EAFE Dividend Growers ETF during the 3rd quarter worth $1,565,000.

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.