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

ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 7,068 shares, a growth of 1,016.6% from the July 30th total of 633 shares. Based on an average daily volume of 7,684 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the company’s shares are short sold.

ProShares S&P Technology Dividend Aristocrats ETF Trading Up 0.7%

BATS:TDV traded up $0.71 during trading hours on Tuesday, hitting $102.13. 4,690 shares of the stock traded hands, compared to its average volume of 7,091. The firm has a 50 day moving average price of $100.75 and a 200 day moving average price of $95.68. The firm has a market cap of $313.54 million, a price-to-earnings ratio of 28.94 and a beta of 1.08. ProShares S&P Technology Dividend Aristocrats ETF has a fifty-two week low of $81.52 and a fifty-two week high of $106.70.

Institutional Investors Weigh In On ProShares S&P Technology Dividend Aristocrats ETF

Hedge funds have recently bought and sold shares of the business. Ascentis Independent Advisors increased its holdings in shares of ProShares S&P Technology Dividend Aristocrats ETF by 332.6% in the 1st quarter. Ascentis Independent Advisors now owns 20,333 shares of the company’s stock valued at $1,722,000 after purchasing an additional 15,633 shares during the period. Coston McIsaac & Partners boosted its holdings in shares of ProShares S&P Technology Dividend Aristocrats ETF by 20.2% during the fourth quarter. Coston McIsaac & Partners now owns 32,720 shares of the company’s stock worth $2,832,000 after purchasing an additional 5,510 shares during the period. Janney Montgomery Scott LLC grew its position in ProShares S&P Technology Dividend Aristocrats ETF by 8.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,322 shares of the company’s stock valued at $894,000 after purchasing an additional 815 shares in the last quarter. NewEdge Advisors LLC grew its position in ProShares S&P Technology Dividend Aristocrats ETF by 231.8% during the third quarter. NewEdge Advisors LLC now owns 28,610 shares of the company’s stock valued at $2,475,000 after purchasing an additional 19,988 shares in the last quarter. Finally, Magnolia Capital Management Ltd. acquired a new position in ProShares S&P Technology Dividend Aristocrats ETF in the 2nd quarter valued at approximately $239,000.

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.