ProShares MSCI EAFE Dividend Growers ETF (BATS:EFAD) Short Interest Update

ProShares MSCI EAFE Dividend Growers ETF (BATS:EFAD) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 4,342 shares, an increase of 544.2% from the June 30th total of 674 shares. Based on an average daily volume of 3,227 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp purchased a new stake in ProShares MSCI EAFE Dividend Growers ETF in the first quarter valued at about $54,000. Osaic Holdings Inc. grew its stake in shares of ProShares MSCI EAFE Dividend Growers ETF by 67.8% during the second quarter. Osaic Holdings Inc. now owns 2,376 shares of the company’s stock worth $102,000 after acquiring an additional 960 shares during the last quarter. Smith Moore & CO. increased its holdings in shares of ProShares MSCI EAFE Dividend Growers ETF by 9.2% during the fourth quarter. Smith Moore & CO. now owns 6,813 shares of the company’s stock valued at $284,000 after acquiring an additional 576 shares in the last quarter. MWA Asset Management acquired a new stake in ProShares MSCI EAFE Dividend Growers ETF in the 1st quarter worth approximately $305,000. Finally, Jane Street Group LLC grew its position in ProShares MSCI EAFE Dividend Growers ETF by 61.6% during the 1st quarter. Jane Street Group LLC now owns 9,181 shares of the company’s stock worth $356,000 after purchasing an additional 3,501 shares during the last quarter.

ProShares MSCI EAFE Dividend Growers ETF Stock Performance

BATS:EFAD opened at $42.61 on Friday. ProShares MSCI EAFE Dividend Growers ETF has a fifty-two week low of $39.53 and a fifty-two week high of $44.14. The company’s 50-day simple moving average is $42.77 and its 200-day simple moving average is $42.42. The stock has a market capitalization of $70.73 million, a P/E ratio of 21.63 and a beta of 0.77.

About ProShares MSCI EAFE Dividend Growers ETF

The ProShares MSCI EAFE Dividend Growers ETF (EFAD) is an exchange-traded fund that is based on the MSCI EAFE Dividend Masters index. The fund tracks an equally weighted broad-market index of developed-market companies, ex-North America, that have raised their dividend for each of the past 10 years. EFAD was launched on Aug 19, 2014 and is managed by ProShares.