ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) Short Interest Update

ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 1,669 shares, a drop of 54.1% from the April 15th total of 3,636 shares. Based on an average daily volume of 11,818 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On ProShares UltraPro MidCap 400

A hedge fund recently bought a new stake in ProShares UltraPro MidCap 400 stock. Susquehanna International Group LLP acquired a new position in shares of ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.

ProShares UltraPro MidCap 400 Trading Down 5.1%

Shares of NYSEARCA:UMDD traded down $1.68 during trading on Friday, reaching $31.33. 15,761 shares of the stock were exchanged, compared to its average volume of 11,677. ProShares UltraPro MidCap 400 has a 12 month low of $19.43 and a 12 month high of $35.19. The firm has a market cap of $31.02 million, a PE ratio of 13.00 and a beta of 3.07. The stock has a 50-day moving average price of $29.39 and a 200-day moving average price of $28.28.

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 .