ProShares Ultra MidCap 400 (NYSEARCA:MVV) Sees Large Decline in Short Interest

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 5,639 shares, a decline of 37.9% from the January 15th total of 9,083 shares. Based on an average daily volume of 27,025 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 27,025 shares, the short-interest ratio is presently 0.2 days.

ProShares Ultra MidCap 400 Stock Up 1.8%

Shares of MVV traded up $1.42 during mid-day trading on Friday, reaching $80.42. The company’s stock had a trading volume of 15,482 shares, compared to its average volume of 25,296. The company has a market cap of $152.80 million, a price-to-earnings ratio of 19.18 and a beta of 2.15. The business has a fifty day moving average of $75.16 and a 200 day moving average of $70.53. ProShares Ultra MidCap 400 has a 1 year low of $42.64 and a 1 year high of $83.01.

Institutional Investors Weigh In On ProShares Ultra MidCap 400

Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new position in ProShares Ultra MidCap 400 during the 4th quarter valued at about $27,000. Tucker Asset Management LLC acquired a new stake in shares of ProShares Ultra MidCap 400 during the fourth quarter worth approximately $37,000. Traynor Capital Management Inc. acquired a new stake in shares of ProShares Ultra MidCap 400 during the third quarter worth approximately $208,000. Osaic Holdings Inc. purchased a new position in ProShares Ultra MidCap 400 during the second quarter valued at approximately $195,000. Finally, Kingsview Wealth Management LLC purchased a new position in shares of ProShares Ultra MidCap 400 during the 2nd quarter valued at $222,000.

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.