Short Interest in ProShares MSCI EAFE Dividend Growers ETF (BATS:EFAD) Drops By 62.0%

ProShares MSCI EAFE Dividend Growers ETF (BATS:EFAD) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 507 shares, a drop of 62.0% from the May 31st total of 1,335 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 3,404 shares, the days-to-cover ratio is currently 0.1 days.

ProShares MSCI EAFE Dividend Growers ETF Trading Up 0.9%

Shares of EFAD stock opened at $42.87 on Tuesday. The firm has a market capitalization of $71.16 million, a price-to-earnings ratio of 21.63 and a beta of 0.77. The business’s 50-day moving average price is $42.62 and its 200-day moving average price is $42.29. ProShares MSCI EAFE Dividend Growers ETF has a 12 month low of $39.53 and a 12 month high of $44.14.

Hedge Funds Weigh In On ProShares MSCI EAFE Dividend Growers ETF

Several large investors have recently modified their holdings of EFAD. Key Financial Inc grew its stake in shares of ProShares MSCI EAFE Dividend Growers ETF by 26.5% in the fourth quarter. Key Financial Inc now owns 66,800 shares of the company’s stock worth $2,785,000 after purchasing an additional 13,980 shares during the last quarter. Anson Capital Inc. increased its stake in shares of ProShares MSCI EAFE Dividend Growers ETF by 27.1% in the fourth quarter. Anson Capital Inc. now owns 20,149 shares of the company’s stock valued at $840,000 after buying an additional 4,293 shares during the period. Sanctuary Advisors LLC raised its position in shares of ProShares MSCI EAFE Dividend Growers ETF by 2.4% during the fourth quarter. Sanctuary Advisors LLC now owns 18,172 shares of the company’s stock worth $758,000 after acquiring an additional 434 shares during the last quarter. Smith Moore & CO. raised its position in shares of ProShares MSCI EAFE Dividend Growers ETF by 9.2% during the fourth quarter. Smith Moore & CO. now owns 6,813 shares of the company’s stock worth $284,000 after acquiring an additional 576 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of ProShares MSCI EAFE Dividend Growers ETF by 6.7% in the fourth quarter. Jane Street Group LLC now owns 11,153 shares of the company’s stock worth $465,000 after acquiring an additional 704 shares during the period.

ProShares MSCI EAFE Dividend Growers ETF Company Profile

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.