ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) Sees Significant Decline in Short Interest

ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,764 shares, a decrease of 87.3% from the May 31st total of 13,919 shares. Based on an average trading volume of 36,795 shares, the short-interest ratio is presently 0.0 days. Approximately 1.6% of the shares of the stock are sold short.

ProShares UltraShort MidCap 400 Stock Performance

Shares of MZZ traded up $0.02 during trading hours on Friday, hitting $5.87. 10,303 shares of the company were exchanged, compared to its average volume of 9,581. The firm has a fifty day simple moving average of $6.26 and a 200-day simple moving average of $6.94. ProShares UltraShort MidCap 400 has a one year low of $5.74 and a one year high of $9.41.

Hedge Funds Weigh In On ProShares UltraShort MidCap 400

A hedge fund recently raised its stake in ProShares UltraShort MidCap 400 stock. Tower Research Capital LLC TRC raised its position in shares of ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) by 6.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,882 shares of the company’s stock after buying an additional 1,354 shares during the quarter. Tower Research Capital LLC TRC owned 16.34% of ProShares UltraShort MidCap 400 worth $210,000 at the end of the most recent quarter.

ProShares UltraShort MidCap 400 Company Profile

ProShares UltraShort MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of 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.