ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Get Free Report) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 7,482 shares, an increase of 514.3% from the July 30th total of 1,218 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 4,640 shares, the days-to-cover ratio is currently 1.6 days.
Hedge Funds Weigh In On ProShares UltraPro MidCap 400
An institutional investor recently bought a new stake in ProShares UltraPro MidCap 400 stock. Millington Financial Advisors LLC purchased a new stake in ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,182 shares of the company’s stock, valued at approximately $209,000. Millington Financial Advisors LLC owned 0.76% of ProShares UltraPro MidCap 400 as of its most recent filing with the SEC.
ProShares UltraPro MidCap 400 Trading Down 0.0%
Shares of ProShares UltraPro MidCap 400 stock traded down $0.01 during trading hours on Thursday, reaching $36.05. The stock had a trading volume of 18,962 shares, compared to its average volume of 9,577. The stock’s 50 day moving average is $36.11 and its 200 day moving average is $32.81. The firm has a market capitalization of $33.16 million, a PE ratio of 13.00 and a beta of 3.04. ProShares UltraPro MidCap 400 has a twelve month low of $21.52 and a twelve month high of $39.16.
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 .
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