ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) Sees Significant Growth in Short Interest

ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 12,949 shares, a growth of 345.7% from the May 14th total of 2,905 shares. Based on an average trading volume of 52,044 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On ProShares S&P MidCap 400 Dividend Aristocrats ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 29.5% in the second quarter. Ameriprise Financial Inc. now owns 199,294 shares of the company’s stock valued at $16,251,000 after acquiring an additional 45,417 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 21.9% in the second quarter. NewEdge Advisors LLC now owns 46,099 shares of the company’s stock valued at $3,759,000 after buying an additional 8,277 shares during the period. Virtu Financial LLC acquired a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the fourth quarter worth approximately $556,000. Bessemer Group Inc. acquired a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the third quarter worth approximately $540,000. Finally, Duncan Williams Asset Management LLC bought a new stake in ProShares S&P MidCap 400 Dividend Aristocrats ETF in the fourth quarter valued at approximately $269,000.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Price Performance

BATS REGL opened at $89.48 on Friday. The company’s fifty day moving average is $88.90 and its two-hundred day moving average is $88.12. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 16.11 and a beta of 0.80. ProShares S&P MidCap 400 Dividend Aristocrats ETF has a 52-week low of $79.89 and a 52-week high of $93.74.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Company Profile

The ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) is an exchange-traded fund that is based on the S&P MidCap 400 Dividend Aristocrats index. The fund tracks an equal-weighted index of mid-cap companies that have increased their dividends for at least 15-consecutive years. REGL was launched on Feb 5, 2015 and is managed by ProShares.