ProShares Short MidCap 400 (NYSEARCA:MYY) Short Interest Down 84.6% in May

ProShares Short MidCap 400 (NYSEARCA:MYY) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 2,748 shares, a drop of 84.6% from the April 30th total of 17,794 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,284 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On ProShares Short MidCap 400

An institutional investor recently bought a new position in ProShares Short MidCap 400 stock. IHT Wealth Management LLC acquired a new position in ProShares Short MidCap 400 (NYSEARCA:MYY) during the second quarter, according to its most recent filing with the SEC. The firm acquired 13,700 shares of the company’s stock, valued at approximately $257,000. IHT Wealth Management LLC owned about 5.07% of ProShares Short MidCap 400 as of its most recent filing with the SEC.

ProShares Short MidCap 400 Price Performance

ProShares Short MidCap 400 stock traded down $0.02 during trading hours on Friday, reaching $15.59. The company had a trading volume of 784 shares, compared to its average volume of 9,662. The company has a 50-day moving average price of $16.29 and a 200 day moving average price of $16.82. ProShares Short MidCap 400 has a 12-month low of $15.52 and a 12-month high of $19.71.

ProShares Short MidCap 400 Company Profile

ProShares Short MidCap400 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P MidCap 400 Index (the Index). The S&P MidCap 400 Index is a measure of mid-size company United States stock market performance. It is a capitalization weighted index of 400 United States operating companies and real estate investment trusts (REITs). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.