Short Interest in ProShares Ultra MidCap 400 (NYSEARCA:MVV) Drops By 66.3%

ProShares Ultra MidCap 400 (NYSEARCA:MVVGet Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 505 shares, a decrease of 66.3% from the April 30th total of 1,498 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 13,712 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On ProShares Ultra MidCap 400

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MVV. Integrated Advisors Network LLC bought a new position in ProShares Ultra MidCap 400 during the third quarter valued at approximately $542,000. Osaic Holdings Inc. bought a new position in ProShares Ultra MidCap 400 during the second quarter valued at approximately $195,000. Traynor Capital Management Inc. bought a new position in ProShares Ultra MidCap 400 during the third quarter valued at approximately $208,000. Tucker Asset Management LLC bought a new position in ProShares Ultra MidCap 400 during the fourth quarter valued at approximately $37,000. Finally, Farther Finance Advisors LLC bought a new position in ProShares Ultra MidCap 400 during the fourth quarter valued at approximately $27,000.

ProShares Ultra MidCap 400 Stock Up 0.3%

ProShares Ultra MidCap 400 stock traded up $0.25 during midday trading on Friday, reaching $86.37. 2,264 shares of the stock traded hands, compared to its average volume of 16,396. The stock’s fifty day moving average is $79.55 and its 200-day moving average is $76.01. ProShares Ultra MidCap 400 has a 12 month low of $58.15 and a 12 month high of $88.00. The stock has a market cap of $162.38 million, a P/E ratio of 19.18 and a beta of 2.04.

ProShares Ultra MidCap 400 Company Profile

(Get Free Report)

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.

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