ProShares Short MidCap 400 (NYSEARCA:MYY) Short Interest Up 121.8% in May

ProShares Short MidCap 400 (NYSEARCA:MYY) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 6,095 shares, an increase of 121.8% from the May 14th total of 2,748 shares. Based on an average trading volume of 11,143 shares, the short-interest ratio is presently 0.5 days. Currently, 3.6% of the shares of the company are sold short.

ProShares Short MidCap 400 Stock Performance

Shares of NYSEARCA MYY opened at $15.30 on Friday. ProShares Short MidCap 400 has a 12 month low of $15.25 and a 12 month high of $19.55. The company has a 50 day simple moving average of $15.94 and a two-hundred day simple moving average of $16.63.

Institutional Trading of ProShares Short MidCap 400

An institutional investor recently bought a new position in ProShares Short MidCap 400 stock. IHT Wealth Management LLC acquired a new stake in shares of ProShares Short MidCap 400 (NYSEARCA:MYY) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 13,700 shares of the company’s stock, valued at approximately $257,000. IHT Wealth Management LLC owned 5.07% of ProShares Short MidCap 400 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.