ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Get Free Report) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 3,723 shares, a drop of 22.3% from the December 15th total of 4,792 shares. Based on an average daily volume of 4,899 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 4,899 shares, the days-to-cover ratio is currently 0.8 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in ProShares UltraPro MidCap 400 stock. Susquehanna International Group LLP bought a new position in ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,843 shares of the company’s stock, valued at approximately $531,000. Susquehanna International Group LLP owned about 1.86% of ProShares UltraPro MidCap 400 as of its most recent filing with the Securities and Exchange Commission (SEC).
ProShares UltraPro MidCap 400 Stock Performance
ProShares UltraPro MidCap 400 stock traded down $0.32 during trading on Friday, hitting $30.21. The company’s stock had a trading volume of 9,541 shares, compared to its average volume of 8,058. The stock’s fifty day moving average is $26.22 and its 200 day moving average is $25.32. ProShares UltraPro MidCap 400 has a 1-year low of $12.81 and a 1-year high of $31.25. The stock has a market capitalization of $32.63 million, a price-to-earnings ratio of 13.00 and a beta of 3.25.
About ProShares UltraPro MidCap 400
ProShares UltraPro MidCap400 (the Fund), seeks daily investment results, which correspond to triple (300%) the daily performance of the S&P MidCap 400 Index (the Index). The Index is used measure of mid-size company United States stock market performance. Companies are selected for inclusion in the Index by Standard & Poor’s based on adequate liquidity, appropriate market capitalization, financial viability and public float. The investment adviser of the Fund is ProShare Advisors LLC .
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