ProShares Ultra MidCap 400 (NYSEARCA:MVV) Short Interest Down 66.3% in May

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 505 shares, a decrease of 66.3% from the April 30th total of 1,498 shares. Based on an average trading volume of 13,712 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

ProShares Ultra MidCap 400 Trading Up 0.1%

Shares of NYSEARCA:MVV traded up $0.10 during midday trading on Monday, reaching $86.47. 4,655 shares of the company were exchanged, compared to its average volume of 16,280. ProShares Ultra MidCap 400 has a one year low of $58.15 and a one year high of $88.00. The business’s fifty day moving average is $79.55 and its two-hundred day moving average is $76.06. The stock has a market cap of $162.57 million, a PE ratio of 19.18 and a beta of 2.04.

Hedge Funds Weigh In On ProShares Ultra MidCap 400

Several institutional investors have recently bought and sold shares of the business. Integrated Advisors Network LLC lifted its position in ProShares Ultra MidCap 400 by 16.5% during 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. Tucker Asset Management LLC bought a new position in ProShares Ultra MidCap 400 during the fourth quarter valued at $37,000. Farther Finance Advisors LLC bought a new position in ProShares Ultra MidCap 400 during the fourth quarter valued at $27,000. Traynor Capital Management Inc. bought a new position in ProShares Ultra MidCap 400 during the third quarter valued at $208,000. Finally, Osaic Holdings Inc. bought a new position in ProShares Ultra MidCap 400 during the second quarter valued at $195,000.

ProShares Ultra MidCap 400 Company Profile

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.