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

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 4,854 shares, a decline of 33.6% from the February 26th total of 7,305 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 18,020 shares, the days-to-cover ratio is presently 0.3 days.

ProShares Ultra MidCap 400 Trading Down 1.6%

Shares of MVV stock traded down $1.12 during mid-day trading on Monday, reaching $67.69. The stock had a trading volume of 5,894 shares, compared to its average volume of 19,407. ProShares Ultra MidCap 400 has a 1-year low of $42.64 and a 1-year high of $83.01. The firm has a market cap of $128.61 million, a price-to-earnings ratio of 19.18 and a beta of 2.15. The business’s fifty day moving average is $76.66 and its 200-day moving average is $72.38.

ProShares Ultra MidCap 400 Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be given a dividend of $0.1128 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.45 dividend on an annualized basis and a yield of 0.7%.

Institutional Trading of ProShares Ultra MidCap 400

A number of hedge funds and other institutional investors have recently made changes to their positions in MVV. Farther Finance Advisors LLC purchased a new position in ProShares Ultra MidCap 400 during the fourth quarter valued at $27,000. Tucker Asset Management LLC purchased a new position in ProShares Ultra MidCap 400 in the 4th quarter valued at about $37,000. Integrated Advisors Network LLC boosted its holdings in ProShares Ultra MidCap 400 by 16.5% in the 4th quarter. Integrated Advisors Network LLC now owns 9,146 shares of the company’s stock worth $637,000 after buying an additional 1,297 shares during the last quarter. Traynor Capital Management Inc. purchased a new stake in ProShares Ultra MidCap 400 during the 3rd quarter worth approximately $208,000. Finally, Osaic Holdings Inc. purchased a new position in shares of ProShares Ultra MidCap 400 in the second quarter valued at approximately $195,000.

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.