ProShares Ultra MidCap 400 (NYSEARCA:MVV – Get Free Report) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 1,666 shares, a decline of 72.5% from the August 31st total of 6,060 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,762 shares, the short-interest ratio is currently 0.2 days.
ProShares Ultra MidCap 400 Trading Up 0.6%
MVV stock opened at $81.48 on Friday. The firm has a 50 day moving average of $87.66 and a 200-day moving average of $84.16. The company has a market cap of $142.59 million, a price-to-earnings ratio of 19.18 and a beta of 2.01. ProShares Ultra MidCap 400 has a 12-month low of $62.12 and a 12-month high of $94.88.
Institutional Investors Weigh In On ProShares Ultra MidCap 400
A hedge fund recently bought a new position in ProShares Ultra MidCap 400 stock. Citadel Advisors LLC acquired a new stake in ProShares Ultra MidCap 400 (NYSEARCA:MVV – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,501 shares of the company’s stock, valued at approximately $1,427,000. Citadel Advisors LLC owned about 0.89% of ProShares Ultra MidCap 400 at the end of the most recent quarter.
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.
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