ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) Shares Shorted: Short Interest Down 36.6% in September

ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 1,338 shares, a drop of 36.6% from the August 31st total of 2,111 shares. Based on an average daily volume of 6,757 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

ProShares UltraShort MidCap 400 Price Performance

MZZ traded up $0.07 on Thursday, hitting $6.67. The company had a trading volume of 6,422 shares, compared to its average volume of 9,473. The stock has a fifty day moving average price of $6.06 and a 200-day moving average price of $6.34. ProShares UltraShort MidCap 400 has a 12-month low of $5.55 and a 12-month high of $9.08.

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.