Short Interest in ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) Grows By 143.1%

ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 4,021 shares, a growth of 143.1% from the June 30th total of 1,654 shares. Based on an average daily volume of 6,395 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the shares of the stock are sold short.

ProShares UltraPro MidCap 400 Trading Up 1.1%

Shares of UMDD opened at $35.67 on Tuesday. The stock has a 50-day moving average price of $34.98 and a 200-day moving average price of $31.69. The company has a market cap of $33.17 million, a PE ratio of 13.00 and a beta of 3.03. ProShares UltraPro MidCap 400 has a 12-month low of $21.52 and a 12-month high of $37.66.

Institutional Trading of ProShares UltraPro MidCap 400

An institutional investor recently bought a new stake in ProShares UltraPro MidCap 400 stock. Susquehanna International Group LLP acquired a new position in shares of ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,843 shares of the company’s stock, valued at approximately $531,000. Susquehanna International Group LLP owned approximately 1.86% of ProShares UltraPro MidCap 400 at the end of the most recent reporting period.

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 .