ProShares Ultra MidCap 400 (NYSEARCA:MVV – Get Free Report) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 1,666 shares, a decline of 72.5% from the August 31st total of 6,060 shares. Based on an average trading volume of 6,762 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.
ProShares Ultra MidCap 400 Stock Up 0.6%
NYSEARCA MVV traded up $0.50 on Friday, hitting $81.48. 2,223 shares of the stock were exchanged, compared to its average volume of 12,804. ProShares Ultra MidCap 400 has a fifty-two week low of $62.12 and a fifty-two week high of $94.88. The company has a 50-day moving average price of $87.66 and a 200-day moving average price of $84.23. The company has a market cap of $142.59 million, a PE ratio of 19.18 and a beta of 2.01.
Hedge Funds Weigh In On ProShares Ultra MidCap 400
A hedge fund recently bought a new stake in ProShares Ultra MidCap 400 stock. Citadel Advisors LLC purchased a new stake in ProShares Ultra MidCap 400 (NYSEARCA:MVV – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,501 shares of the company’s stock, valued at approximately $1,427,000. Citadel Advisors LLC owned approximately 0.89% of ProShares Ultra MidCap 400 at the end of the most recent reporting period.
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.
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