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

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 780 shares, a decrease of 66.9% from the June 15th total of 2,353 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 14,524 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On ProShares Ultra MidCap 400

A number of large investors have recently bought and sold shares of the business. Osaic Holdings Inc. bought a new position in shares of ProShares Ultra MidCap 400 during the second quarter valued at approximately $195,000. Farther Finance Advisors LLC acquired a new stake in shares of ProShares Ultra MidCap 400 during the 4th quarter worth approximately $27,000. Tucker Asset Management LLC bought a new stake in shares of ProShares Ultra MidCap 400 in the 4th quarter worth approximately $37,000. Finally, Integrated Advisors Network LLC lifted its holdings 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 worth $637,000 after purchasing an additional 1,297 shares during the last quarter.

ProShares Ultra MidCap 400 Trading Down 0.3%

ProShares Ultra MidCap 400 stock traded down $0.24 during mid-day trading on Wednesday, reaching $87.94. The company’s stock had a trading volume of 1,705 shares, compared to its average volume of 15,077. ProShares Ultra MidCap 400 has a twelve month low of $61.64 and a twelve month high of $92.24. The business has a 50 day moving average price of $86.83 and a 200-day moving average price of $80.39. The firm has a market cap of $153.90 million, a price-to-earnings ratio of 19.18 and a beta of 2.01.

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.