Short Interest in ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) Decreases By 54.1%

ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 1,669 shares, a drop of 54.1% from the April 15th total of 3,636 shares. Based on an average trading volume of 11,818 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On ProShares UltraPro MidCap 400

An institutional investor recently bought a new position in ProShares UltraPro MidCap 400 stock. Millington Financial Advisors LLC acquired a new stake in shares of ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,182 shares of the company’s stock, valued at approximately $209,000. Millington Financial Advisors LLC owned approximately 0.76% of ProShares UltraPro MidCap 400 at the end of the most recent quarter.

ProShares UltraPro MidCap 400 Stock Down 5.1%

NYSEARCA:UMDD traded down $1.68 during trading hours on Friday, hitting $31.33. 15,761 shares of the company traded hands, compared to its average volume of 11,677. The firm’s 50-day simple moving average is $29.39 and its 200-day simple moving average is $28.28. ProShares UltraPro MidCap 400 has a one year low of $19.43 and a one year high of $35.19. The company has a market cap of $31.02 million, a PE ratio of 13.00 and a beta of 3.07.

ProShares UltraPro MidCap 400 Company Profile

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 .