Short Interest in ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) Grows By 351.8%

ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 24,045 shares, an increase of 351.8% from the July 30th total of 5,322 shares. Approximately 9.2% of the company’s stock are sold short. Based on an average daily trading volume, of 12,210 shares, the days-to-cover ratio is currently 2.0 days.

Hedge Funds Weigh In On ProShares UltraPro Short MidCap 400

An institutional investor recently bought a new stake in ProShares UltraPro Short MidCap 400 stock. Jane Street Group LLC bought a new stake in ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,433 shares of the company’s stock, valued at approximately $193,000. Jane Street Group LLC owned about 6.54% of ProShares UltraPro Short MidCap 400 as of its most recent filing with the Securities and Exchange Commission.

ProShares UltraPro Short MidCap 400 Trading Up 2.2%

NYSEARCA:SMDD traded up $0.17 during midday trading on Friday, reaching $7.85. The company had a trading volume of 7,664 shares, compared to its average volume of 13,898. The stock’s fifty day simple moving average is $7.76 and its 200-day simple moving average is $9.01. ProShares UltraPro Short MidCap 400 has a 12-month low of $7.08 and a 12-month high of $15.18.

About ProShares UltraPro Short MidCap 400

ProShares UltraPro Short MidCap400 ETF is an exchange traded fund, which seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index. The ETF seeks a return of -300% of the return of an index (target) for a single day. The S&P MidCap 400 Index is a 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.