ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) Shares Shorted: Short Interest Up 73.7% in September

ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 3,158 shares, a growth of 73.7% from the August 31st total of 1,818 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 2,899 shares, the short-interest ratio is currently 1.1 days.

ProShares UltraPro MidCap 400 Stock Performance

Shares of NYSEARCA UMDD opened at $30.63 on Friday. The company has a market cap of $26.95 million, a P/E ratio of 13.00 and a beta of 3.07. The firm’s fifty day moving average is $34.41 and its two-hundred day moving average is $33.16. ProShares UltraPro MidCap 400 has a 52-week low of $21.52 and a 52-week high of $39.16.

ProShares UltraPro MidCap 400 Company Profile

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 .