ProShares Short MidCap 400 (NYSEARCA:MYY) Short Interest Up 121.8% in May

ProShares Short MidCap 400 (NYSEARCA:MYY) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 6,095 shares, an increase of 121.8% from the May 14th total of 2,748 shares. Currently, 3.6% of the shares of the company are sold short. Based on an average daily trading volume, of 11,143 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Short MidCap 400 stock. IHT Wealth Management LLC purchased a new position in ProShares Short MidCap 400 (NYSEARCA:MYY) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,700 shares of the company’s stock, valued at approximately $257,000. IHT Wealth Management LLC owned about 5.07% of ProShares Short MidCap 400 at the end of the most recent quarter.

ProShares Short MidCap 400 Stock Down 0.7%

NYSEARCA MYY opened at $15.30 on Friday. The company has a fifty day simple moving average of $15.94 and a two-hundred day simple moving average of $16.63. ProShares Short MidCap 400 has a 12-month low of $15.25 and a 12-month high of $19.55.

ProShares Short MidCap 400 Company Profile

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.