ProShares Short MidCap 400 (NYSEARCA:MYY – Get Free Report) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 2,963 shares, a decline of 51.4% from the May 31st total of 6,095 shares. Based on an average trading volume of 19,294 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.7% of the shares of the company are sold short.
ProShares Short MidCap 400 Stock Performance
ProShares Short MidCap 400 stock traded down $0.13 during mid-day trading on Tuesday, reaching $14.95. The company’s stock had a trading volume of 3,886 shares, compared to its average volume of 9,975. ProShares Short MidCap 400 has a twelve month low of $14.95 and a twelve month high of $19.04. The business has a 50 day moving average price of $15.66 and a 200-day moving average price of $16.43.
Institutional Investors Weigh In On ProShares Short MidCap 400
An institutional investor recently raised its position in ProShares Short MidCap 400 stock. Tower Research Capital LLC TRC boosted its holdings in ProShares Short MidCap 400 (NYSEARCA:MYY – Free Report) by 172.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,915 shares of the company’s stock after acquiring an additional 12,615 shares during the period. Tower Research Capital LLC TRC owned about 7.38% of ProShares Short MidCap 400 worth $373,000 at the end of the most recent quarter.
ProShares Short MidCap 400 Company Profile
ProShares Short MidCap400 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P MidCap 400 Index (the Index). The S&P MidCap 400 Index is a measure of mid-size company United States stock market performance. It is a capitalization weighted index of 400 United States operating companies and real estate investment trusts (REITs). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.
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