Short Interest in ProShares Ultra MidCap 400 (NYSEARCA:MVV) Decreases By 66.9%

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 780 shares, a drop of 66.9% from the June 15th total of 2,353 shares. Based on an average daily trading volume, of 14,524 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. bought a new position in ProShares Ultra MidCap 400 in the 2nd quarter valued at $195,000. Integrated Advisors Network LLC increased its position in shares of ProShares Ultra MidCap 400 by 16.5% during the 4th quarter. Integrated Advisors Network LLC now owns 9,146 shares of the company’s stock valued at $637,000 after purchasing an additional 1,297 shares during the last quarter. Tucker Asset Management LLC bought a new stake in shares of ProShares Ultra MidCap 400 during the 4th quarter worth $37,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of ProShares Ultra MidCap 400 during the 4th quarter worth $27,000.

ProShares Ultra MidCap 400 Price Performance

Shares of NYSEARCA MVV opened at $88.41 on Monday. The company has a market capitalization of $154.72 million, a PE ratio of 19.18 and a beta of 2.01. The stock’s 50 day moving average price is $86.65 and its 200-day moving average price is $80.17. ProShares Ultra MidCap 400 has a twelve month low of $61.64 and a twelve month high of $92.24.

About ProShares Ultra MidCap 400

ProShares Ultra MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the S&P MidCap 400 Index (the Index). The Index is a measure of mid-size company United States stock market performance. It is a float-adjusted market capitalization weighted index of 400 United States operating companies and real estate investment trusts (REITs). Securities are selected for inclusion in the Index by the S&P U.S. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.