ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) Short Interest Update

ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 8,191 shares, a decrease of 73.0% from the August 31st total of 30,379 shares. Approximately 3.6% of the shares of the stock are sold short. Based on an average daily volume of 7,936 shares, the days-to-cover ratio is presently 1.0 days.

ProShares UltraPro Short MidCap 400 Price Performance

NYSEARCA SMDD opened at $8.80 on Friday. ProShares UltraPro Short MidCap 400 has a twelve month low of $7.08 and a twelve month high of $15.18. The business’s fifty day moving average is $8.01 and its 200 day moving average is $8.81.

About ProShares UltraPro Short MidCap 400

ProShares UltraPro Short MidCap400 ETF is an exchange traded fund, which seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index. The ETF seeks a return of -300% of the return of an index (target) for a single day. The S&P MidCap 400 Index is a 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.