ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) Sees Significant Decrease in Short Interest

ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,338 shares, a decrease of 36.6% from the August 31st total of 2,111 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 6,757 shares, the days-to-cover ratio is presently 0.2 days.

ProShares UltraShort MidCap 400 Price Performance

NYSEARCA:MZZ traded down $0.14 during mid-day trading on Friday, reaching $6.35. The company’s stock had a trading volume of 973 shares, compared to its average volume of 9,396. ProShares UltraShort MidCap 400 has a 12-month low of $5.55 and a 12-month high of $9.08. The firm’s fifty day moving average price is $6.07 and its two-hundred day moving average price is $6.33.

ProShares UltraShort MidCap 400 Company Profile

ProShares UltraShort MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of 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.