ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) Sees Significant Increase in Short Interest

ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 12,949 shares, a growth of 345.7% from the May 14th total of 2,905 shares. Based on an average daily trading volume, of 52,044 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On ProShares S&P MidCap 400 Dividend Aristocrats ETF

Several hedge funds have recently modified their holdings of REGL. NewEdge Advisors LLC increased its position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 21.9% during the 2nd quarter. NewEdge Advisors LLC now owns 46,099 shares of the company’s stock valued at $3,759,000 after purchasing an additional 8,277 shares during the period. Ameriprise Financial Inc. increased its position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 29.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 199,294 shares of the company’s stock valued at $16,251,000 after purchasing an additional 45,417 shares during the period. Captrust Financial Advisors acquired a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF during the 2nd quarter valued at $209,000. Bessemer Group Inc. acquired a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF during the 3rd quarter valued at $540,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF during the 3rd quarter valued at $117,000.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Price Performance

Shares of REGL stock opened at $88.82 on Thursday. ProShares S&P MidCap 400 Dividend Aristocrats ETF has a 12-month low of $79.89 and a 12-month high of $93.74. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 16.11 and a beta of 0.80. The business has a 50 day simple moving average of $88.84 and a 200 day simple moving average of $88.08.

About ProShares S&P MidCap 400 Dividend Aristocrats ETF

The ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) is an exchange-traded fund that is based on the S&P MidCap 400 Dividend Aristocrats index. The fund tracks an equal-weighted index of mid-cap companies that have increased their dividends for at least 15-consecutive years. REGL was launched on Feb 5, 2015 and is managed by ProShares.