SMDV Stock Summary and Trading Ideas (ProShares Russell 2000 Dividend Growers ETF | BATS:SMDV)

ProShares Russell 2000 Dividend Growers ETF seeks investment results, before fees and expenses, that track the performance of the Russell 2000 Dividend Growth Index. The index targets companies that are currently members of the Russell 2000 Index and have increased dividend payments each year for at least 10 years. The index contains a minimum of 40 stocks, which are equally weighted.

ProShares Russell 2000 Dividend Growers ETF trades on the BATS stock market under the symbol SMDV.

As of May 13, 2024, SMDV stock price declined to $64.54 with 31,538 million shares trading.

SMDV has a beta of 0.93, meaning it tends to be less sensitive to market movements. SMDV has a correlation of 0.41 to the broad based SPY ETF.

SMDV has a market cap of $779.00 million. This is considered a Small Cap stock.

In the last 3 years, SMDV stock traded as high as $68.18 and as low as $53.09.

SMDV stock has underperformed the market in the last year with a return of +16.3%, while SPY returned +28.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SMDV shares. However, SMDV has outperformed the market in the last 3 month and 2 week periods, returning +7.7% and +4.6%, while SPY returned +5.8% and +2.1%, respectively. This indicates SMDV has been having a stronger performance recently.

SMDV support price is $63.93 and resistance is $65.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SMDV stock will trade within this expected range on the day.