ProShares Short MidCap 400 (NYSEARCA:MYY) Short Interest Update

ProShares Short MidCap 400 (NYSEARCA:MYY) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 17,794 shares, an increase of 507.7% from the April 15th total of 2,928 shares. Approximately 10.5% of the shares of the stock are short sold. Based on an average trading volume of 8,414 shares, the short-interest ratio is presently 2.1 days.

ProShares Short MidCap 400 Stock Performance

MYY traded down $0.07 during midday trading on Thursday, reaching $15.81. 228 shares of the company’s stock were exchanged, compared to its average volume of 9,534. The business’s 50-day moving average price is $16.57 and its 200 day moving average price is $16.99. ProShares Short MidCap 400 has a 1-year low of $15.53 and a 1-year high of $19.81.

Hedge Funds Weigh In On ProShares Short MidCap 400

A hedge fund recently raised its stake in ProShares Short MidCap 400 stock. Tower Research Capital LLC TRC increased its position in ProShares Short MidCap 400 (NYSEARCA:MYY) by 172.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,915 shares of the company’s stock after buying an additional 12,615 shares during the quarter. Tower Research Capital LLC TRC owned about 7.38% of ProShares Short MidCap 400 worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

About ProShares Short MidCap 400

ProShares Short MidCap400 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P MidCap 400 Index (the Index). The S&P MidCap 400 Index is a measure of mid-size company United States stock market performance. It is a capitalization weighted index of 400 United States operating companies and real estate investment trusts (REITs). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.