Short Interest in ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) Rises By 26.3%

ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 6,787 shares, an increase of 26.3% from the December 31st total of 5,372 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average trading volume of 11,385 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 11,385 shares, the days-to-cover ratio is currently 0.6 days. Approximately 3.4% of the shares of the company are sold short.

ProShares UltraPro Short MidCap 400 Price Performance

NYSEARCA:SMDD traded up $0.18 during mid-day trading on Tuesday, reaching $10.97. 4,208 shares of the company’s stock were exchanged, compared to its average volume of 13,729. ProShares UltraPro Short MidCap 400 has a one year low of $10.01 and a one year high of $32.00. The business’s fifty day simple moving average is $11.62 and its two-hundred day simple moving average is $12.98.

Institutional Investors Weigh In On ProShares UltraPro Short MidCap 400

A hedge fund recently bought a new stake in ProShares UltraPro Short MidCap 400 stock. Jane Street Group LLC acquired a new stake in ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 12,433 shares of the company’s stock, valued at approximately $193,000. Jane Street Group LLC owned about 6.54% of ProShares UltraPro Short MidCap 400 at the end of the most recent reporting period.

About ProShares UltraPro Short MidCap 400

ProShares UltraPro Short MidCap400 ETF is an exchange traded fund, which seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index. The ETF seeks a return of -300% of the return of an index (target) for a single day. The S&P MidCap 400 Index is a 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.