ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) Short Interest Down 87.3% in June

ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 1,764 shares, a decrease of 87.3% from the May 31st total of 13,919 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 36,795 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of ProShares UltraShort MidCap 400

An institutional investor recently raised its position in ProShares UltraShort MidCap 400 stock. Tower Research Capital LLC TRC increased its holdings in ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,882 shares of the company’s stock after acquiring an additional 1,354 shares during the period. Tower Research Capital LLC TRC owned about 16.34% of ProShares UltraShort MidCap 400 worth $210,000 at the end of the most recent quarter.

ProShares UltraShort MidCap 400 Stock Performance

ProShares UltraShort MidCap 400 stock traded up $0.02 during midday trading on Friday, reaching $5.87. The stock had a trading volume of 10,303 shares, compared to its average volume of 9,581. The company has a fifty day moving average price of $6.26 and a two-hundred day moving average price of $6.94. ProShares UltraShort MidCap 400 has a 12 month low of $5.74 and a 12 month high of $9.41.

About ProShares UltraShort MidCap 400

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.