ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) Stock Short Interest Falls 66.1%

ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,070 shares, a drop of 66.1% from the September 15th total of 3,158 shares. Based on an average trading volume of 3,713 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

ProShares UltraPro MidCap 400 Stock Performance

Shares of UMDD stock traded down $1.31 on Wednesday, hitting $29.86. 2,133 shares of the company’s stock traded hands, compared to its average volume of 8,583. The company’s fifty day simple moving average is $33.78 and its 200 day simple moving average is $33.45. ProShares UltraPro MidCap 400 has a one year low of $21.52 and a one year high of $39.16. The stock has a market capitalization of $26.28 million, a price-to-earnings ratio of 13.00 and a beta of 3.07.

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 .