ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Get Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 1,818 shares, a decline of 75.7% from the August 15th total of 7,482 shares. Based on an average daily trading volume, of 6,007 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.
ProShares UltraPro MidCap 400 Trading Up 2.4%
Shares of ProShares UltraPro MidCap 400 stock traded up $0.78 during trading hours on Friday, reaching $32.85. 928 shares of the company’s stock were exchanged, compared to its average volume of 9,200. The company has a fifty day moving average of $35.58 and a 200-day moving average of $32.99. ProShares UltraPro MidCap 400 has a 52-week low of $21.52 and a 52-week high of $39.16. The firm has a market capitalization of $30.22 million, a price-to-earnings ratio of 13.00 and a beta of 3.03.
Hedge Funds Weigh In On ProShares UltraPro MidCap 400
A hedge fund recently bought a new stake in ProShares UltraPro MidCap 400 stock. Millington Financial Advisors LLC acquired a new position in shares of ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,182 shares of the company’s stock, valued at approximately $209,000. Millington Financial Advisors LLC owned about 0.76% of ProShares UltraPro MidCap 400 as of its most recent SEC filing.
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 .
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