ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) Short Interest Down 61.5% in June

ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,654 shares, a decline of 61.5% from the June 15th total of 4,298 shares. Based on an average daily trading volume, of 6,882 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On ProShares UltraPro MidCap 400

A hedge fund recently bought a new position in ProShares UltraPro MidCap 400 stock. Millington Financial Advisors LLC bought a new stake in ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 as of its most recent SEC filing.

ProShares UltraPro MidCap 400 Trading Down 0.1%

Shares of UMDD traded down $0.02 during midday trading on Wednesday, hitting $35.22. The stock had a trading volume of 5,485 shares, compared to its average volume of 10,219. ProShares UltraPro MidCap 400 has a fifty-two week low of $21.52 and a fifty-two week high of $37.66. The business has a 50-day simple moving average of $34.57 and a two-hundred day simple moving average of $31.16. The firm has a market cap of $32.75 million, a P/E ratio of 13.00 and a beta of 3.03.

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 .