Short Interest in ProShares Short MidCap 400 (NYSEARCA:MYY) Decreases By 51.4%

ProShares Short MidCap 400 (NYSEARCA:MYY) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,963 shares, a decrease of 51.4% from the May 31st total of 6,095 shares. Based on an average trading volume of 19,294 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.7% of the company’s stock are sold short.

ProShares Short MidCap 400 Stock Up 0.6%

ProShares Short MidCap 400 stock traded up $0.10 during midday trading on Thursday, hitting $15.16. 3,963 shares of the company’s stock were exchanged, compared to its average volume of 9,890. The firm has a 50-day moving average of $15.63 and a two-hundred day moving average of $16.39. ProShares Short MidCap 400 has a 12 month low of $14.93 and a 12 month high of $19.04.

Hedge Funds Weigh In On ProShares Short MidCap 400

An institutional investor recently raised its position in ProShares Short MidCap 400 stock. Tower Research Capital LLC TRC lifted its stake in ProShares Short MidCap 400 (NYSEARCA:MYY) by 172.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,915 shares of the company’s stock after acquiring 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 quarter.

ProShares Short MidCap 400 Company Profile

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.