ProShares S&P 500 Aristocrats ETF (BATS:NOBL – Get Free Report) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 531,482 shares, an increase of 111.0% from the May 14th total of 251,935 shares. Based on an average daily volume of 996,591 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the company’s stock are short sold.
Institutional Trading of ProShares S&P 500 Aristocrats ETF
Several hedge funds and other institutional investors have recently modified their holdings of NOBL. MCF Advisors LLC acquired a new position in ProShares S&P 500 Aristocrats ETF during the fourth quarter valued at $26,000. Qube Research & Technologies Ltd acquired a new stake in ProShares S&P 500 Aristocrats ETF during the 2nd quarter worth about $29,000. Nemes Rush Group LLC grew its stake in ProShares S&P 500 Aristocrats ETF by 627.5% during the 3rd quarter. Nemes Rush Group LLC now owns 291 shares of the company’s stock valued at $30,000 after acquiring an additional 251 shares in the last quarter. TFC Financial Management Inc. purchased a new position in ProShares S&P 500 Aristocrats ETF during the 4th quarter valued at about $30,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in shares of ProShares S&P 500 Aristocrats ETF in the 4th quarter valued at about $34,000.
ProShares S&P 500 Aristocrats ETF Price Performance
Shares of NOBL opened at $55.63 on Friday. The stock has a market cap of $6.31 billion, a PE ratio of 21.15 and a beta of 0.87. ProShares S&P 500 Aristocrats ETF has a 12 month low of $49.41 and a 12 month high of $57.65. The stock’s 50-day moving average is $53.83 and its two-hundred day moving average is $53.98.
About ProShares S&P 500 Aristocrats ETF
The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is an exchange-traded fund that is based on the S&P 500 Dividend Aristocrats index. The fund tracks an equal-weighted index of S&P 500 constituents that have increased dividend payments annually for at least 25 years. NOBL was launched on Oct 9, 2013 and is managed by ProShares.
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