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

ProShares UltraPro MidCap 400 (NYSEARCA:UMDDGet Free Report) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 4,792 shares, a growth of 64.7% from the November 30th total of 2,909 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 7,801 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 7,801 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the company’s shares are sold short.

Hedge Funds Weigh In On ProShares UltraPro MidCap 400

An institutional investor recently bought a new position in ProShares UltraPro MidCap 400 stock. Susquehanna International Group LLP purchased a new stake in ProShares UltraPro MidCap 400 (NYSEARCA:UMDDFree Report) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 20,843 shares of the company’s stock, valued at approximately $531,000. Susquehanna International Group LLP owned about 1.86% of ProShares UltraPro MidCap 400 as of its most recent SEC filing.

ProShares UltraPro MidCap 400 Trading Down 0.2%

Shares of NYSEARCA UMDD traded down $0.06 on Friday, reaching $27.13. 1,719 shares of the company traded hands, compared to its average volume of 12,956. The stock has a market capitalization of $30.39 million, a PE ratio of 13.00 and a beta of 3.25. ProShares UltraPro MidCap 400 has a fifty-two week low of $12.81 and a fifty-two week high of $31.25. The company has a 50 day moving average of $25.27 and a 200 day moving average of $24.69.

ProShares UltraPro MidCap 400 Company Profile

(Get Free Report)

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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