Short Interest in ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) Declines By 33.5%

ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 2,476 shares, a decrease of 33.5% from the December 31st total of 3,723 shares. Based on an average daily volume of 7,970 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 7,970 shares, the short-interest ratio is presently 0.3 days.

ProShares UltraPro MidCap 400 Stock Down 3.2%

Shares of UMDD traded down $0.93 during midday trading on Friday, reaching $28.33. 4,615 shares of the stock were exchanged, compared to its average volume of 8,326. The company has a market cap of $30.60 million, a price-to-earnings ratio of 13.00 and a beta of 3.25. ProShares UltraPro MidCap 400 has a 12-month low of $12.81 and a 12-month high of $31.40. The firm has a 50 day simple moving average of $27.44 and a 200-day simple moving average of $25.69.

Hedge Funds Weigh In On ProShares UltraPro MidCap 400

A hedge fund recently bought a new stake in ProShares UltraPro MidCap 400 stock. Susquehanna International Group LLP acquired a new stake in shares of ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,843 shares of the company’s stock, valued at approximately $531,000. Susquehanna International Group LLP owned 1.86% of ProShares UltraPro MidCap 400 as of its most recent filing with the Securities & Exchange Commission.

About ProShares UltraPro MidCap 400

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 .