ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) Sees Significant Increase in Short Interest

ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 633 shares, an increase of 83.5% from the July 15th total of 345 shares. Based on an average daily volume of 5,558 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

ProShares S&P Technology Dividend Aristocrats ETF Stock Performance

Shares of BATS TDV opened at $103.57 on Friday. The stock has a 50 day moving average price of $100.79 and a 200 day moving average price of $95.14. The firm has a market capitalization of $317.96 million, a price-to-earnings ratio of 28.94 and a beta of 1.08. ProShares S&P Technology Dividend Aristocrats ETF has a 52-week low of $81.52 and a 52-week high of $106.70.

Institutional Trading of ProShares S&P Technology Dividend Aristocrats ETF

Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new stake in shares of ProShares S&P Technology Dividend Aristocrats ETF during the 4th quarter worth $131,000. Magnolia Capital Management Ltd. purchased a new position in shares of ProShares S&P Technology Dividend Aristocrats ETF in the 2nd quarter valued at approximately $239,000. Rossby Financial LCC acquired a new stake in shares of ProShares S&P Technology Dividend Aristocrats ETF during the fourth quarter worth $427,000. Janney Montgomery Scott LLC lifted its position in ProShares S&P Technology Dividend Aristocrats ETF by 8.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,322 shares of the company’s stock worth $894,000 after acquiring an additional 815 shares during the period. Finally, Ascentis Independent Advisors lifted its holdings in shares of ProShares S&P Technology Dividend Aristocrats ETF by 332.6% during the first quarter. Ascentis Independent Advisors now owns 20,333 shares of the company’s stock worth $1,722,000 after purchasing an additional 15,633 shares during the period.

About ProShares S&P Technology Dividend Aristocrats ETF

The ProShares S&P Technology Dividend Aristocrats ETF (TDV) is an exchange-traded fund that is based on the S&P Technology Dividend Aristocrats index. The fund tracks an equal-weighted index of U.S. technology companies that have dividend growth of at least 7 years. TDV was launched on Nov 5, 2019 and is managed by ProShares.