ProShares Ultra MidCap 400 (NYSEARCA:MVV) Short Interest Up 149.7% in July

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,948 shares, a growth of 149.7% from the June 30th total of 780 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 8,788 shares, the days-to-cover ratio is presently 0.2 days.

ProShares Ultra MidCap 400 Trading Down 3.5%

NYSEARCA MVV traded down $3.09 on Wednesday, hitting $85.87. 4,537 shares of the company’s stock were exchanged, compared to its average volume of 14,523. The stock has a 50-day moving average of $87.79 and a 200-day moving average of $81.51. The stock has a market cap of $150.27 million, a price-to-earnings ratio of 19.18 and a beta of 2.01. ProShares Ultra MidCap 400 has a 52 week low of $61.64 and a 52 week high of $92.24.

Institutional Trading of ProShares Ultra MidCap 400

Several large investors have recently bought and sold shares of MVV. Farther Finance Advisors LLC bought a new position in ProShares Ultra MidCap 400 in the fourth quarter valued at about $27,000. Tucker Asset Management LLC bought a new position in shares of ProShares Ultra MidCap 400 in the fourth quarter worth about $37,000. Osaic Holdings Inc. bought a new position in shares of ProShares Ultra MidCap 400 in the second quarter worth about $195,000. Finally, Integrated Advisors Network LLC boosted its stake 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 valued at $637,000 after purchasing an additional 1,297 shares in the last quarter.

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.