ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) Sees Large Growth in Short Interest

ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 4,021 shares, an increase of 143.1% from the June 30th total of 1,654 shares. Based on an average daily volume of 6,395 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Investors Weigh In On ProShares UltraPro MidCap 400

A hedge fund recently bought a new stake in ProShares UltraPro MidCap 400 stock. Millington Financial Advisors LLC purchased a new position in ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,182 shares of the company’s stock, valued at approximately $209,000. Millington Financial Advisors LLC owned 0.76% of ProShares UltraPro MidCap 400 as of its most recent SEC filing.

ProShares UltraPro MidCap 400 Price Performance

NYSEARCA:UMDD opened at $33.75 on Thursday. The business’s 50-day moving average is $35.12 and its two-hundred day moving average is $31.78. ProShares UltraPro MidCap 400 has a 12 month low of $21.52 and a 12 month high of $37.66. The firm has a market capitalization of $31.05 million, a PE ratio of 13.00 and a beta of 3.03.

ProShares UltraPro MidCap 400 Company Profile

ProShares UltraPro MidCap400 (the Fund), seeks daily investment results, which correspond to triple (300%) the daily performance of the S&P MidCap 400 Index (the Index). The Index is 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. The investment adviser of the Fund is ProShare Advisors LLC .