ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD – Get Free Report) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 2,169 shares, a drop of 29.0% from the November 30th total of 3,056 shares. Based on an average trading volume of 5,546 shares, the short-interest ratio is presently 0.4 days. Currently, 1.1% of the company’s stock are sold short. Currently, 1.1% of the company’s stock are sold short. Based on an average trading volume of 5,546 shares, the short-interest ratio is presently 0.4 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in ProShares UltraPro Short MidCap 400 stock. Jane Street Group LLC bought a new stake in shares of ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,433 shares of the company’s stock, valued at approximately $193,000. Jane Street Group LLC owned about 6.54% of ProShares UltraPro Short MidCap 400 at the end of the most recent quarter.
ProShares UltraPro Short MidCap 400 Stock Performance
Shares of SMDD stock traded up $0.23 on Monday, hitting $11.93. The stock had a trading volume of 4,955 shares, compared to its average volume of 13,588. The business has a 50 day moving average of $12.92 and a 200 day moving average of $13.78. ProShares UltraPro Short MidCap 400 has a 12-month low of $11.55 and a 12-month high of $32.00.
ProShares UltraPro Short MidCap 400 Company Profile
ProShares UltraPro Short MidCap400 ETF is an exchange traded fund, which seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index. The ETF seeks a return of -300% of the return of an index (target) for a single day. The S&P MidCap 400 Index is a 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.
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