ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sees Significant Decrease in Short Interest

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 11,738 shares, a drop of 73.6% from the October 15th total of 44,426 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 111,560 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC grew its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 5.7% in the first quarter. Janney Montgomery Scott LLC now owns 3,959 shares of the company’s stock valued at $272,000 after purchasing an additional 214 shares in the last quarter. Landmark Wealth Management LLC increased its position in ProShares Russell 2000 Dividend Growers ETF by 0.5% in the third quarter. Landmark Wealth Management LLC now owns 68,193 shares of the company’s stock worth $4,891,000 after purchasing an additional 332 shares during the last quarter. United Asset Strategies Inc. increased its position in ProShares Russell 2000 Dividend Growers ETF by 2.0% in the third quarter. United Asset Strategies Inc. now owns 18,990 shares of the company’s stock worth $1,362,000 after purchasing an additional 366 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in ProShares Russell 2000 Dividend Growers ETF during the second quarter valued at $31,000. Finally, Ameritas Advisory Services LLC purchased a new stake in ProShares Russell 2000 Dividend Growers ETF during the second quarter valued at $34,000.

ProShares Russell 2000 Dividend Growers ETF Price Performance

BATS:SMDV opened at $74.75 on Friday. ProShares Russell 2000 Dividend Growers ETF has a 1 year low of $63.86 and a 1 year high of $79.56. The stock’s 50 day simple moving average is $73.95 and its two-hundred day simple moving average is $73.68. The company has a market cap of $662.28 million, a price-to-earnings ratio of 18.29 and a beta of 0.79.

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.