ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Get Free Report) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 15,459 shares, a growth of 280.6% from the February 12th total of 4,062 shares. Based on an average daily volume of 13,324 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.4% of the company’s shares are short sold. Approximately 1.4% of the company’s shares are short sold. Based on an average daily volume of 13,324 shares, the days-to-cover ratio is currently 1.2 days.
ProShares UltraPro MidCap 400 Stock Performance
Shares of NYSEARCA UMDD traded down $0.39 during mid-day trading on Wednesday, reaching $27.31. 3,408 shares of the company’s stock were exchanged, compared to its average volume of 11,839. The company’s 50-day moving average is $29.94 and its 200-day moving average is $27.02. The firm has a market capitalization of $29.50 million, a price-to-earnings ratio of 13.00 and a beta of 3.25. ProShares UltraPro MidCap 400 has a 52-week low of $12.81 and a 52-week high of $33.12.
Institutional Investors 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 acquired a new position in shares of ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 20,843 shares of the company’s stock, valued at approximately $531,000. Susquehanna International Group LLP owned 1.86% of ProShares UltraPro MidCap 400 as of its most recent filing with the SEC.
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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