ProShares Ultra MidCap 400 (NYSEARCA:MVV) Sees Significant Increase in Short Interest

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,501 shares, a growth of 197.2% from the May 14th total of 505 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,360 shares, the days-to-cover ratio is presently 0.2 days.

ProShares Ultra MidCap 400 Price Performance

MVV opened at $88.26 on Friday. The company’s 50 day simple moving average is $82.40 and its 200-day simple moving average is $77.40. ProShares Ultra MidCap 400 has a one year low of $59.49 and a one year high of $88.69. The stock has a market capitalization of $165.93 million, a P/E ratio of 19.18 and a beta of 2.02.

Hedge Funds Weigh In On ProShares Ultra MidCap 400

Large investors have recently bought and sold shares of the business. Integrated Advisors Network LLC raised its holdings in ProShares Ultra MidCap 400 by 16.5% in the fourth quarter. Integrated Advisors Network LLC now owns 9,146 shares of the company’s stock worth $637,000 after purchasing an additional 1,297 shares during the period. Osaic Holdings Inc. acquired a new stake in ProShares Ultra MidCap 400 in the second quarter worth $195,000. Tucker Asset Management LLC acquired a new stake in ProShares Ultra MidCap 400 in the fourth quarter worth $37,000. Finally, Farther Finance Advisors LLC acquired a new stake in ProShares Ultra MidCap 400 in the fourth quarter worth $27,000.

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.