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

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

ProShares MSCI EAFE Dividend Growers ETF Price Performance

EFAD opened at $42.61 on Monday. The company has a market cap of $70.73 million, a P/E ratio of 21.63 and a beta of 0.77. The firm’s 50-day moving average price is $42.77 and its 200-day moving average price is $42.43. ProShares MSCI EAFE Dividend Growers ETF has a 52-week low of $39.53 and a 52-week high of $44.14.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EFAD. Raymond James Financial Inc. raised its holdings in shares of ProShares MSCI EAFE Dividend Growers ETF by 2.9% in the third quarter. Raymond James Financial Inc. now owns 155,466 shares of the company’s stock worth $6,553,000 after buying an additional 4,389 shares during the last quarter. Key Financial Inc grew its holdings in shares of ProShares MSCI EAFE Dividend Growers ETF by 38.7% during the first quarter. Key Financial Inc now owns 92,671 shares of the company’s stock valued at $3,794,000 after buying an additional 25,871 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of ProShares MSCI EAFE Dividend Growers ETF by 2.9% during the first quarter. Nations Financial Group Inc. IA ADV now owns 80,054 shares of the company’s stock valued at $3,278,000 after buying an additional 2,269 shares during the last quarter. Bank of America Corp DE increased its position in shares of ProShares MSCI EAFE Dividend Growers ETF by 7.5% in the 3rd quarter. Bank of America Corp DE now owns 61,868 shares of the company’s stock valued at $2,608,000 after acquiring an additional 4,307 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in shares of ProShares MSCI EAFE Dividend Growers ETF in the 3rd quarter valued at $1,565,000.

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.