ProShares Ultra MidCap 400 (NYSEARCA:MVV) Sees Significant Increase in Short Interest

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 1,501 shares, an increase of 197.2% from the May 14th total of 505 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 8,360 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in shares of ProShares Ultra MidCap 400 in the 4th quarter valued at about $27,000. Tucker Asset Management LLC bought a new position in shares of ProShares Ultra MidCap 400 in the 4th quarter valued at about $37,000. Integrated Advisors Network LLC grew its position in shares of 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 valued at $637,000 after acquiring an additional 1,297 shares during the period. Finally, Osaic Holdings Inc. bought a new position in shares of ProShares Ultra MidCap 400 in the 2nd quarter valued at about $195,000.

ProShares Ultra MidCap 400 Trading Up 5.1%

ProShares Ultra MidCap 400 stock opened at $88.26 on Friday. The company has a market cap of $165.93 million, a P/E ratio of 19.18 and a beta of 2.02. ProShares Ultra MidCap 400 has a 1-year low of $59.49 and a 1-year high of $88.69. The company has a fifty day simple moving average of $82.40 and a 200 day simple moving average of $77.40.

About ProShares Ultra MidCap 400

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.