ProShares UltraShort MidCap 400 (NYSEARCA:MZZ – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 2,013 shares, a decrease of 43.5% from the July 15th total of 3,562 shares. Based on an average daily volume of 3,054 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the company’s stock are short sold.
Hedge Funds Weigh In On ProShares UltraShort MidCap 400
An institutional investor recently raised its position in ProShares UltraShort MidCap 400 stock. Tower Research Capital LLC TRC lifted its stake in ProShares UltraShort MidCap 400 (NYSEARCA:MZZ – Free Report) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,882 shares of the company’s stock after acquiring an additional 1,354 shares during the quarter. Tower Research Capital LLC TRC owned approximately 16.34% of ProShares UltraShort MidCap 400 worth $210,000 as of its most recent SEC filing.
ProShares UltraShort MidCap 400 Stock Up 0.4%
ProShares UltraShort MidCap 400 stock traded up $0.03 during mid-day trading on Monday, reaching $5.59. The company’s stock had a trading volume of 5,689 shares, compared to its average volume of 10,432. ProShares UltraShort MidCap 400 has a 12 month low of $5.55 and a 12 month high of $9.08. The business’s 50 day simple moving average is $5.93 and its 200 day simple moving average is $6.53.
About ProShares UltraShort MidCap 400
ProShares UltraShort MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of 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.
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