ProShares Ultra MidCap 400 (NYSEARCA:MVV – Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 16,701 shares, an increase of 902.5% from the September 15th total of 1,666 shares. Based on an average trading volume of 16,490 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.9% of the shares of the company are short sold.
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 acquired a new stake in shares of ProShares Ultra MidCap 400 (NYSEARCA:MVV – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 15,501 shares of the company’s stock, valued at approximately $1,427,000. Citadel Advisors LLC owned 0.89% of ProShares Ultra MidCap 400 at the end of the most recent quarter.
ProShares Ultra MidCap 400 Trading Up 1.1%
Shares of MVV stock traded up $0.90 during mid-day trading on Friday, reaching $82.29. The stock had a trading volume of 2,569 shares, compared to its average volume of 13,075. The business’s fifty day moving average is $86.39 and its 200-day moving average is $84.82. The firm has a market cap of $145.65 million, a price-to-earnings ratio of 19.18 and a beta of 2.03. ProShares Ultra MidCap 400 has a 1-year low of $62.12 and a 1-year high of $94.88.
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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