ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) Sees Large Increase in Short Interest

ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 3,562 shares, a growth of 147.2% from the June 30th total of 1,441 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,390 shares, the short-interest ratio is presently 0.6 days.

ProShares UltraShort MidCap 400 Trading Up 3.5%

Shares of MZZ stock opened at $6.15 on Thursday. The stock has a fifty day simple moving average of $6.04 and a two-hundred day simple moving average of $6.65. ProShares UltraShort MidCap 400 has a 52-week low of $5.74 and a 52-week high of $9.41.

Institutional Trading of ProShares UltraShort MidCap 400

An institutional investor recently raised its position in ProShares UltraShort MidCap 400 stock. Tower Research Capital LLC TRC increased its holdings in ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) by 6.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,882 shares of the company’s stock after purchasing an additional 1,354 shares during the period. Tower Research Capital LLC TRC owned 16.34% of ProShares UltraShort MidCap 400 worth $210,000 as of its most recent SEC filing.

About ProShares UltraShort MidCap 400

ProShares UltraShort MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of 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.