Short Interest in ProShares Ultra MidCap 400 (NYSEARCA:MVV) Decreases By 37.9%

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 5,639 shares, a decline of 37.9% from the January 15th total of 9,083 shares. Based on an average daily trading volume, of 27,025 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 27,025 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of ProShares Ultra MidCap 400

Several large investors have recently modified their holdings of MVV. Kingsview Wealth Management LLC acquired a new position in shares of ProShares Ultra MidCap 400 during the 2nd quarter valued at $222,000. Osaic Holdings Inc. acquired a new position in shares of ProShares Ultra MidCap 400 during the second quarter valued at about $195,000. Traynor Capital Management Inc. bought a new position in shares of ProShares Ultra MidCap 400 during the 3rd quarter worth about $208,000. Integrated Advisors Network LLC acquired a new stake in shares of ProShares Ultra MidCap 400 in the 3rd quarter valued at about $542,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of ProShares Ultra MidCap 400 in the 4th quarter valued at about $27,000.

ProShares Ultra MidCap 400 Price Performance

Shares of ProShares Ultra MidCap 400 stock traded up $1.95 during midday trading on Friday, reaching $80.95. The company had a trading volume of 11,274 shares, compared to its average volume of 25,151. The stock has a fifty day moving average price of $74.96 and a 200 day moving average price of $70.42. ProShares Ultra MidCap 400 has a fifty-two week low of $42.64 and a fifty-two week high of $83.01. The firm has a market cap of $153.81 million, a PE ratio of 19.18 and a beta of 2.15.

About ProShares Ultra MidCap 400

ProShares Ultra MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) 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.