ProShares Short MidCap 400 (NYSEARCA:MYY) Sees Significant Decline in Short Interest

ProShares Short MidCap 400 (NYSEARCA:MYY) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 2,963 shares, a decrease of 51.4% from the May 31st total of 6,095 shares. Based on an average trading volume of 19,294 shares, the short-interest ratio is currently 0.2 days. Currently, 1.7% of the shares of the company are short sold.

ProShares Short MidCap 400 Stock Up 0.8%

Shares of MYY traded up $0.12 during midday trading on Wednesday, reaching $15.07. 5,339 shares of the stock were exchanged, compared to its average volume of 9,938. ProShares Short MidCap 400 has a twelve month low of $14.95 and a twelve month high of $19.04. The business’s 50-day moving average price is $15.63 and its 200 day moving average price is $16.39.

Institutional Investors Weigh In On ProShares Short MidCap 400

A hedge fund recently bought a new position in ProShares Short MidCap 400 stock. IHT Wealth Management LLC acquired a new stake in ProShares Short MidCap 400 (NYSEARCA:MYY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,700 shares of the company’s stock, valued at approximately $257,000. IHT Wealth Management LLC owned 5.07% of ProShares Short MidCap 400 at the end of the most recent quarter.

ProShares Short MidCap 400 Company Profile

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.