ProShares Ultra MidCap 400 (NYSEARCA:MVV – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 16,701 shares, a growth of 902.5% from the September 15th total of 1,666 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 16,490 shares, the days-to-cover ratio is currently 1.0 days.
ProShares Ultra MidCap 400 Price Performance
Shares of ProShares Ultra MidCap 400 stock traded up $0.90 during trading hours on Friday, hitting $82.29. 2,569 shares of the company’s stock traded hands, compared to its average volume of 13,075. The stock has a market capitalization of $148.12 million, a price-to-earnings ratio of 19.18 and a beta of 2.03. ProShares Ultra MidCap 400 has a 12-month low of $62.12 and a 12-month high of $94.88. The company has a fifty day simple moving average of $86.39 and a 200-day simple moving average of $84.82.
Institutional Trading of ProShares Ultra MidCap 400
An institutional investor recently bought a new stake in ProShares Ultra MidCap 400 stock. Integrated Wealth Concepts LLC acquired a new position in ProShares Ultra MidCap 400 (NYSEARCA:MVV – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 379 shares of the company’s stock, valued at approximately $35,000.
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.
Further Reading
- Five stocks we like better than ProShares Ultra MidCap 400
- 3 Unique ETFs With Strong Momentum for the End of the Year
- 3 Beaten-Down Biotech Stocks With Triple-Digit Upside and Big Catalysts Ahead
- Schneider Just Paid Up for PTC—Is the SaaSpocalypse Overdone?
- Delta Air Lines Faces a Fuel Crisis—But There’s a Silver Lining
Receive News & Ratings for ProShares Ultra MidCap 400 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra MidCap 400 and related companies with MarketBeat.com's FREE daily email newsletter.
