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

ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 5,372 shares, a growth of 147.7% from the December 15th total of 2,169 shares. Approximately 2.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,083 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 7,083 shares, the days-to-cover ratio is currently 0.8 days. Approximately 2.8% of the shares of the stock are short sold.

ProShares UltraPro Short MidCap 400 Stock Down 3.6%

Shares of NYSEARCA SMDD traded down $0.38 during midday trading on Thursday, reaching $10.32. 14,818 shares of the company traded hands, compared to its average volume of 11,342. The stock’s 50-day simple moving average is $12.42 and its 200-day simple moving average is $13.34. ProShares UltraPro Short MidCap 400 has a 12 month low of $10.21 and a 12 month high of $32.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares UltraPro Short MidCap 400 stock. Jane Street Group LLC acquired a new stake in ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,433 shares of the company’s stock, valued at approximately $193,000. Jane Street Group LLC owned about 6.54% of ProShares UltraPro Short MidCap 400 as of its most recent filing with the SEC.

ProShares UltraPro Short MidCap 400 Company Profile

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.