ProShares Short MidCap 400 (NYSEARCA:MYY – Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 17,794 shares, a growth of 507.7% from the April 15th total of 2,928 shares. Based on an average daily volume of 8,414 shares, the short-interest ratio is presently 2.1 days. Approximately 10.5% of the company’s shares are short sold.
ProShares Short MidCap 400 Stock Performance
MYY stock traded up $0.11 on Tuesday, hitting $15.84. 2,202 shares of the company were exchanged, compared to its average volume of 9,722. ProShares Short MidCap 400 has a twelve month low of $15.53 and a twelve month high of $19.81. The business’s fifty day moving average is $16.58 and its two-hundred day moving average is $17.01.
Hedge Funds Weigh In On ProShares Short MidCap 400
A hedge fund recently raised its stake in ProShares Short MidCap 400 stock. Tower Research Capital LLC TRC raised its stake in shares of ProShares Short MidCap 400 (NYSEARCA:MYY – Free Report) by 172.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,915 shares of the company’s stock after purchasing an additional 12,615 shares during the period. Tower Research Capital LLC TRC owned 7.38% of ProShares Short MidCap 400 worth $373,000 at the end of the most recent reporting period.
About ProShares Short MidCap 400
ProShares Short MidCap400 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P MidCap 400 Index (the Index). The S&P MidCap 400 Index is a measure of mid-size company United States stock market performance. It is a capitalization weighted index of 400 United States operating companies and real estate investment trusts (REITs). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.
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