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

ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 6,787 shares, an increase of 26.3% from the December 31st total of 5,372 shares. Based on an average trading volume of 11,385 shares, the days-to-cover ratio is currently 0.6 days. Approximately 3.4% of the company’s shares are short sold. Approximately 3.4% of the company’s shares are short sold. Based on an average trading volume of 11,385 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On ProShares UltraPro Short MidCap 400

An institutional investor recently bought a new position in ProShares UltraPro Short MidCap 400 stock. Jane Street Group LLC bought a new position in shares of ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 as of its most recent SEC filing.

ProShares UltraPro Short MidCap 400 Price Performance

Shares of SMDD traded down $0.28 during midday trading on Monday, reaching $10.79. 25,951 shares of the stock were exchanged, compared to its average volume of 14,202. ProShares UltraPro Short MidCap 400 has a 52 week low of $10.01 and a 52 week high of $32.00. The company’s 50 day moving average is $11.62 and its two-hundred day moving average is $12.98.

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.