ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Get Free Report) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,218 shares, a drop of 69.7% from the July 15th total of 4,021 shares. Based on an average trading volume of 8,992 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.
ProShares UltraPro MidCap 400 Stock Performance
Shares of ProShares UltraPro MidCap 400 stock opened at $38.38 on Thursday. The stock has a market capitalization of $35.31 million, a P/E ratio of 13.00 and a beta of 3.04. ProShares UltraPro MidCap 400 has a 52-week low of $21.52 and a 52-week high of $38.45. The stock’s 50-day simple moving average is $35.69 and its 200 day simple moving average is $32.27.
Institutional Trading of ProShares UltraPro MidCap 400
A hedge fund recently bought a new position in ProShares UltraPro MidCap 400 stock. Susquehanna International Group LLP bought a new position in shares of ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,843 shares of the company’s stock, valued at approximately $531,000. Susquehanna International Group LLP owned approximately 1.86% of ProShares UltraPro MidCap 400 at the end of the most recent reporting period.
About ProShares UltraPro MidCap 400
ProShares UltraPro MidCap400 (the Fund), seeks daily investment results, which correspond to triple (300%) the daily performance of the S&P MidCap 400 Index (the Index). The Index is used measure of mid-size company United States stock market performance. Companies are selected for inclusion in the Index by Standard & Poor’s based on adequate liquidity, appropriate market capitalization, financial viability and public float. The investment adviser of the Fund is ProShare Advisors LLC .
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