ProShares Short MidCap 400 (NYSEARCA:MYY – Get Free Report) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 6,095 shares, an increase of 121.8% from the May 14th total of 2,748 shares. Based on an average trading volume of 11,143 shares, the days-to-cover ratio is presently 0.5 days. Currently, 3.6% of the company’s shares are short sold.
ProShares Short MidCap 400 Trading Down 0.7%
Shares of NYSEARCA MYY traded down $0.11 on Friday, reaching $15.30. 103,734 shares of the company traded hands, compared to its average volume of 10,678. ProShares Short MidCap 400 has a fifty-two week low of $15.25 and a fifty-two week high of $19.55. The company has a 50 day moving average of $15.94 and a 200 day moving average of $16.62.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in ProShares Short MidCap 400 stock. Tower Research Capital LLC TRC grew its stake in shares of ProShares Short MidCap 400 (NYSEARCA:MYY – Free Report) by 172.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,915 shares of the company’s stock after acquiring an additional 12,615 shares during the quarter. Tower Research Capital LLC TRC owned about 7.38% of ProShares Short MidCap 400 worth $373,000 at the end of the most recent quarter.
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.
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