ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) Sees Significant Increase in Short Interest

ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 4,298 shares, a growth of 174.6% from the May 31st total of 1,565 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 7,440 shares, the days-to-cover ratio is presently 0.6 days.

ProShares UltraPro MidCap 400 Trading Up 1.8%

UMDD stock traded up $0.66 during trading on Tuesday, reaching $37.41. The stock had a trading volume of 4,718 shares, compared to its average volume of 10,476. The firm has a fifty day moving average price of $33.83 and a 200 day moving average price of $30.47. The company has a market capitalization of $37.03 million, a P/E ratio of 13.00 and a beta of 3.05. ProShares UltraPro MidCap 400 has a 1-year low of $21.52 and a 1-year high of $37.56.

Hedge Funds Weigh In On ProShares UltraPro MidCap 400

A hedge fund recently bought a new position in ProShares UltraPro MidCap 400 stock. Susquehanna International Group LLP purchased a new position in shares of ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,843 shares of the company’s stock, valued at approximately $531,000. Susquehanna International Group LLP owned approximately 1.86% of ProShares UltraPro MidCap 400 at the end of the most recent quarter.

ProShares UltraPro MidCap 400 Company Profile

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 .