ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) Short Interest Update

ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 24,045 shares, an increase of 351.8% from the July 30th total of 5,322 shares. Based on an average daily trading volume, of 12,210 shares, the short-interest ratio is currently 2.0 days. Currently, 9.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in ProShares UltraPro Short MidCap 400 stock. Jane Street Group LLC purchased a new stake in ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,433 shares of the company’s stock, valued at approximately $193,000. Jane Street Group LLC owned about 6.54% of ProShares UltraPro Short MidCap 400 at the end of the most recent quarter.

ProShares UltraPro Short MidCap 400 Trading Down 1.4%

NYSEARCA:SMDD traded down $0.11 during trading hours on Wednesday, reaching $7.71. 4,289 shares of the company were exchanged, compared to its average volume of 13,934. The business has a 50 day moving average of $7.77 and a 200 day moving average of $9.05. ProShares UltraPro Short MidCap 400 has a 1-year low of $7.08 and a 1-year high of $15.18.

ProShares UltraPro Short MidCap 400 Company Profile

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.