ProShares Ultra MidCap 400 (NYSEARCA:MVV) Short Interest Update

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 2,192 shares, an increase of 65.8% from the July 30th total of 1,322 shares. Based on an average trading volume of 5,858 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

ProShares Ultra MidCap 400 Price Performance

MVV stock traded down $0.84 during midday trading on Monday, hitting $86.96. The stock had a trading volume of 5,154 shares, compared to its average volume of 13,297. The firm has a market cap of $152.18 million, a PE ratio of 19.18 and a beta of 2.02. ProShares Ultra MidCap 400 has a 12-month low of $62.12 and a 12-month high of $94.88. The company’s 50-day moving average price is $89.63 and its 200 day moving average price is $83.70.

Institutional Investors Weigh In On ProShares Ultra MidCap 400

Hedge funds have recently made changes to their positions in the business. Integrated Advisors Network LLC increased its stake in ProShares Ultra MidCap 400 by 16.5% in the fourth quarter. Integrated Advisors Network LLC now owns 9,146 shares of the company’s stock valued at $637,000 after purchasing an additional 1,297 shares during the last quarter. Osaic Holdings Inc. acquired a new stake in ProShares Ultra MidCap 400 in the 2nd quarter worth about $195,000. Tucker Asset Management LLC acquired a new stake in ProShares Ultra MidCap 400 in the 4th quarter worth about $37,000. Finally, Farther Finance Advisors LLC acquired a new stake in ProShares Ultra MidCap 400 in the 4th quarter worth about $27,000.

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.