ProShares Ultra MidCap 400 (NYSEARCA:MVV) Short Interest Update

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 10,272 shares, an increase of 21.1% from the December 15th total of 8,484 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 8,645 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 8,645 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. bought a new position in shares of ProShares Ultra MidCap 400 in the 2nd quarter worth $195,000. Traynor Capital Management Inc. acquired a new position in ProShares Ultra MidCap 400 during the third quarter worth $208,000. Kingsview Wealth Management LLC bought a new position in shares of ProShares Ultra MidCap 400 in the second quarter valued at $222,000. Finally, Integrated Advisors Network LLC bought a new position in shares of ProShares Ultra MidCap 400 in the third quarter valued at $542,000.

ProShares Ultra MidCap 400 Price Performance

Shares of ProShares Ultra MidCap 400 stock traded down $0.54 during trading on Monday, reaching $78.25. 10,883 shares of the company traded hands, compared to its average volume of 20,426. The firm has a market capitalization of $148.68 million, a PE ratio of 19.18 and a beta of 2.15. ProShares Ultra MidCap 400 has a 1-year low of $42.64 and a 1-year high of $79.34. The company has a 50 day moving average price of $70.91 and a 200-day moving average price of $68.91.

ProShares Ultra MidCap 400 Company Profile

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.