ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV – Get Free Report) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 940 shares, a drop of 87.5% from the April 15th total of 7,531 shares. Based on an average trading volume of 11,899 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.
ProShares Russell 2000 Dividend Growers ETF Stock Performance
BATS SMDV opened at $71.59 on Wednesday. ProShares Russell 2000 Dividend Growers ETF has a 1 year low of $62.80 and a 1 year high of $74.43. The company has a fifty day simple moving average of $70.68 and a 200 day simple moving average of $69.29. The company has a market cap of $718.76 million, a P/E ratio of 16.56 and a beta of 0.84.
Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF
Several large investors have recently made changes to their positions in SMDV. Howe & Rusling Inc. increased its stake in ProShares Russell 2000 Dividend Growers ETF by 4.6% during the fourth quarter. Howe & Rusling Inc. now owns 3,185 shares of the company’s stock valued at $210,000 after acquiring 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% during the fourth quarter. NewEdge Advisors LLC now owns 5,267 shares of the company’s stock valued at $348,000 after purchasing an additional 146 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 4.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,745 shares of the company’s stock valued at $248,000 after purchasing an additional 151 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in ProShares Russell 2000 Dividend Growers ETF by 2.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 8,135 shares of the company’s stock worth $538,000 after purchasing an additional 162 shares during the period. Finally, DAVENPORT & Co LLC boosted its stake in ProShares Russell 2000 Dividend Growers ETF by 6.2% during the fourth quarter. DAVENPORT & Co LLC now owns 4,309 shares of the company’s stock worth $285,000 after buying an additional 250 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.
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