ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) Sees Significant Decline in Short Interest

ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 8,191 shares, a drop of 73.0% from the August 31st total of 30,379 shares. Currently, 3.6% of the shares of the stock are short sold. Based on an average trading volume of 7,936 shares, the days-to-cover ratio is presently 1.0 days.

ProShares UltraPro Short MidCap 400 Price Performance

Shares of ProShares UltraPro Short MidCap 400 stock traded down $0.08 during trading on Friday, reaching $8.80. The company’s stock had a trading volume of 25,600 shares, compared to its average volume of 13,754. The firm’s 50-day moving average is $8.01 and its two-hundred day moving average is $8.79. ProShares UltraPro Short MidCap 400 has a 52-week low of $7.08 and a 52-week high of $15.18.

About ProShares UltraPro Short MidCap 400

ProShares UltraPro Short MidCap400 ETF is an exchange traded fund, which seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index. The ETF seeks a return of -300% of the return of an index (target) for a single day. The S&P MidCap 400 Index is a 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.