Short Interest in ProShares Ultra MidCap 400 (NYSEARCA:MVV) Drops By 66.9%

ProShares Ultra MidCap 400 (NYSEARCA:MVV) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 780 shares, a decline of 66.9% from the June 15th total of 2,353 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 14,524 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On ProShares Ultra MidCap 400

Institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new position in ProShares Ultra MidCap 400 in the 4th quarter worth approximately $27,000. Tucker Asset Management LLC purchased a new stake in ProShares Ultra MidCap 400 during the 4th quarter valued at $37,000. Osaic Holdings Inc. purchased a new stake in ProShares Ultra MidCap 400 during the 2nd quarter valued at $195,000. Finally, Integrated Advisors Network LLC increased its holdings in shares of ProShares Ultra MidCap 400 by 16.5% in the 4th quarter. Integrated Advisors Network LLC now owns 9,146 shares of the company’s stock worth $637,000 after purchasing an additional 1,297 shares in the last quarter.

ProShares Ultra MidCap 400 Price Performance

MVV stock traded up $0.82 during trading on Tuesday, hitting $88.18. 1,501 shares of the stock traded hands, compared to its average volume of 15,184. ProShares Ultra MidCap 400 has a 1 year low of $61.64 and a 1 year high of $92.24. The firm’s 50 day moving average is $86.83 and its two-hundred day moving average is $80.39. The stock has a market cap of $154.31 million, a price-to-earnings ratio of 19.18 and a beta of 2.01.

ProShares Ultra MidCap 400 Company Profile

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.