ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 7,482 shares, an increase of 514.3% from the July 30th total of 1,218 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 4,640 shares, the days-to-cover ratio is presently 1.6 days.
Institutional Trading of ProShares UltraPro MidCap 400
A hedge fund recently bought a new position in ProShares UltraPro MidCap 400 stock. Susquehanna International Group LLP bought a new position in shares of ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 20,843 shares of the company’s stock, valued at approximately $531,000. Susquehanna International Group LLP owned 1.86% of ProShares UltraPro MidCap 400 as of its most recent filing with the Securities and Exchange Commission.
ProShares UltraPro MidCap 400 Trading Down 0.0%
NYSEARCA:UMDD opened at $35.40 on Wednesday. The company has a 50-day moving average price of $36.08 and a 200-day moving average price of $32.76. ProShares UltraPro MidCap 400 has a 12 month low of $21.52 and a 12 month high of $39.16. The stock has a market cap of $32.57 million, a price-to-earnings ratio of 13.00 and a beta of 3.04.
About ProShares UltraPro MidCap 400
ProShares UltraPro MidCap400 (the Fund), seeks daily investment results, which correspond to triple (300%) the daily performance of the S&P MidCap 400 Index (the Index). The Index is used measure of mid-size company United States stock market performance. Companies are selected for inclusion in the Index by Standard & Poor’s based on adequate liquidity, appropriate market capitalization, financial viability and public float. The investment adviser of the Fund is ProShare Advisors LLC .
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