ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,848 shares, an increase of 72.7% from the September 30th total of 1,070 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 4,737 shares, the short-interest ratio is presently 0.4 days.
ProShares UltraPro MidCap 400 Trading Up 0.7%
Shares of UMDD opened at $31.95 on Wednesday. The company has a market capitalization of $27.80 million, a PE ratio of 13.00 and a beta of 3.06. ProShares UltraPro MidCap 400 has a 12 month low of $21.52 and a 12 month high of $39.16. The stock’s 50-day moving average price is $31.85 and its two-hundred day moving average price is $32.31.
About ProShares UltraPro MidCap 400
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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