ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Short Interest Up 266.7% in August

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 59,273 shares, an increase of 266.7% from the July 30th total of 16,164 shares. Based on an average daily volume of 148,949 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the shares of the company are sold short.

ProShares Russell 2000 Dividend Growers ETF Stock Up 0.2%

SMDV opened at $77.03 on Thursday. The firm has a market capitalization of $773.38 million, a P/E ratio of 16.56 and a beta of 0.84. The stock’s 50 day moving average price is $77.29 and its two-hundred day moving average price is $73.63. ProShares Russell 2000 Dividend Growers ETF has a 12-month low of $63.86 and a 12-month high of $79.56.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several hedge funds have recently modified their holdings of the business. Howe & Rusling Inc. increased its position in ProShares Russell 2000 Dividend Growers ETF by 4.6% in the fourth quarter. Howe & Rusling Inc. now owns 3,185 shares of the company’s stock worth $210,000 after purchasing an additional 141 shares during the period. NewEdge Advisors LLC increased its position in shares of ProShares Russell 2000 Dividend Growers ETF by 2.9% in the 4th quarter. NewEdge Advisors LLC now owns 5,267 shares of the company’s stock valued at $348,000 after buying an additional 146 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of ProShares Russell 2000 Dividend Growers ETF by 4.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,745 shares of the company’s stock worth $248,000 after purchasing an additional 151 shares during the period. Geneos Wealth Management Inc. raised its holdings in ProShares Russell 2000 Dividend Growers ETF by 2.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 8,135 shares of the company’s stock worth $538,000 after buying an additional 162 shares during the period. Finally, Comerica Bank lifted its position in ProShares Russell 2000 Dividend Growers ETF by 3.1% in the 3rd quarter. Comerica Bank now owns 9,973 shares of the company’s stock valued at $665,000 after acquiring an additional 302 shares in the last quarter.

About ProShares Russell 2000 Dividend Growers ETF

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.