ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) Short Interest Down 29.0% in December

ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 2,169 shares, a decrease of 29.0% from the November 30th total of 3,056 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 5,546 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 5,546 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.1% of the company’s shares are sold short.

Institutional Trading of ProShares UltraPro Short MidCap 400

An institutional investor recently bought a new stake in ProShares UltraPro Short MidCap 400 stock. Jane Street Group LLC purchased a new position in ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 12,433 shares of the company’s stock, valued at approximately $193,000. Jane Street Group LLC owned approximately 6.54% of ProShares UltraPro Short MidCap 400 as of its most recent filing with the Securities & Exchange Commission.

ProShares UltraPro Short MidCap 400 Stock Performance

SMDD stock traded up $0.11 on Tuesday, hitting $12.04. 5,311 shares of the company were exchanged, compared to its average volume of 13,556. ProShares UltraPro Short MidCap 400 has a twelve month low of $11.55 and a twelve month high of $32.00. The business’s fifty day moving average is $12.90 and its two-hundred day moving average is $13.74.

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.