ProShares Short MidCap 400 (NYSEARCA:MYY – Get Free Report) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 17,794 shares, a growth of 507.7% from the April 15th total of 2,928 shares. Based on an average daily volume of 8,414 shares, the short-interest ratio is presently 2.1 days. Approximately 10.5% of the shares of the stock are sold short.
Institutional Trading of ProShares Short MidCap 400
A hedge fund recently raised its stake in ProShares Short MidCap 400 stock. Tower Research Capital LLC TRC raised its holdings in ProShares Short MidCap 400 (NYSEARCA:MYY – Free Report) by 172.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,915 shares of the company’s stock after purchasing an additional 12,615 shares during the period. Tower Research Capital LLC TRC owned 7.38% of ProShares Short MidCap 400 worth $373,000 at the end of the most recent reporting period.
ProShares Short MidCap 400 Stock Up 0.7%
Shares of NYSEARCA MYY traded up $0.11 on Tuesday, hitting $15.84. The company’s stock had a trading volume of 2,202 shares, compared to its average volume of 9,722. ProShares Short MidCap 400 has a 12-month low of $15.53 and a 12-month high of $19.81. The stock has a 50 day moving average of $16.58 and a 200-day moving average of $17.01.
About ProShares Short MidCap 400
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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