ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 2,953 shares, a decline of 52.6% from the June 30th total of 6,232 shares. Based on an average daily volume of 90,556 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC purchased a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the fourth quarter worth approximately $28,000. Cornerstone Planning Group LLC purchased a new position in ProShares Russell 2000 Dividend Growers ETF during the 4th quarter valued at $37,000. Advisory Services Network LLC purchased a new position in ProShares Russell 2000 Dividend Growers ETF during the 3rd quarter valued at $37,000. Franklin Resources Inc. bought a new position in ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter valued at $48,000. Finally, Kestra Advisory Services LLC bought a new position in ProShares Russell 2000 Dividend Growers ETF in the 4th quarter valued at $186,000.
ProShares Russell 2000 Dividend Growers ETF Trading Up 0.3%
Shares of BATS:SMDV opened at $77.91 on Tuesday. ProShares Russell 2000 Dividend Growers ETF has a 12 month low of $63.50 and a 12 month high of $79.43. The company has a market capitalization of $782.22 million, a price-to-earnings ratio of 16.56 and a beta of 0.84. The firm’s 50-day moving average is $75.06 and its 200 day moving average is $72.40.
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.
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