ProShares Ultra MidCap 400 (NYSEARCA:MVV) Short Interest Update

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 8,484 shares, an increase of 684.8% from the November 30th total of 1,081 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 12,719 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 12,719 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On ProShares Ultra MidCap 400

Several hedge funds have recently bought and sold shares of the company. Kingsview Wealth Management LLC bought a new position in ProShares Ultra MidCap 400 during the second quarter worth about $222,000. Osaic Holdings Inc. acquired a new stake in ProShares Ultra MidCap 400 in the second quarter valued at about $195,000. Integrated Advisors Network LLC bought a new stake in shares of ProShares Ultra MidCap 400 during the 3rd quarter valued at approximately $542,000. Finally, Traynor Capital Management Inc. acquired a new position in ProShares Ultra MidCap 400 during the 3rd quarter worth approximately $208,000.

ProShares Ultra MidCap 400 Trading Up 0.0%

Shares of MVV stock traded up $0.02 on Thursday, hitting $72.65. The stock had a trading volume of 817 shares, compared to its average volume of 18,882. ProShares Ultra MidCap 400 has a twelve month low of $42.64 and a twelve month high of $75.70. The company has a fifty day moving average price of $68.88 and a two-hundred day moving average price of $67.43. The firm has a market cap of $154.02 million, a P/E ratio of 19.18 and a beta of 2.15.

ProShares Ultra MidCap 400 Company Profile

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.