Short Interest in ProShares Ultra MidCap 400 (NYSEARCA:MVV) Decreases By 56.9%

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 2,091 shares, a drop of 56.9% from the March 15th total of 4,854 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 10,484 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Advisors Network LLC bought a new position in ProShares Ultra MidCap 400 in the third quarter worth $542,000. Traynor Capital Management Inc. bought a new position in ProShares Ultra MidCap 400 in the third quarter worth $208,000. Osaic Holdings Inc. bought a new position in ProShares Ultra MidCap 400 in the second quarter worth $195,000. Tucker Asset Management LLC bought a new position in ProShares Ultra MidCap 400 in the fourth quarter worth $37,000. Finally, Farther Finance Advisors LLC bought a new position in ProShares Ultra MidCap 400 in the fourth quarter worth $27,000.

ProShares Ultra MidCap 400 Price Performance

Shares of ProShares Ultra MidCap 400 stock traded up $0.77 during midday trading on Tuesday, hitting $80.24. The company had a trading volume of 12,592 shares, compared to its average volume of 19,171. The business’s 50 day simple moving average is $76.37 and its two-hundred day simple moving average is $72.83. The stock has a market cap of $150.85 million, a PE ratio of 19.18 and a beta of 2.07. ProShares Ultra MidCap 400 has a 1-year low of $47.32 and a 1-year high of $83.01.

ProShares Ultra MidCap 400 Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were paid a $0.1128 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $0.45 annualized dividend and a dividend yield of 0.6%.

ProShares Ultra MidCap 400 Company Profile

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.