ProShares Ultra MidCap 400 (NYSEARCA:MVV) Sees Significant Drop in Short Interest

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,666 shares, a decrease of 72.5% from the August 31st total of 6,060 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 6,762 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On ProShares Ultra MidCap 400

A hedge fund recently bought a new position in ProShares Ultra MidCap 400 stock. Integrated Wealth Concepts LLC bought a new stake in ProShares Ultra MidCap 400 (NYSEARCA:MVV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 379 shares of the company’s stock, valued at approximately $35,000.

ProShares Ultra MidCap 400 Trading Up 0.6%

MVV stock opened at $81.48 on Friday. The company has a market capitalization of $142.59 million, a P/E ratio of 19.18 and a beta of 2.01. The business has a 50 day simple moving average of $87.66 and a 200-day simple moving average of $84.16. ProShares Ultra MidCap 400 has a twelve month low of $62.12 and a twelve month high of $94.88.

About ProShares Ultra MidCap 400

ProShares Ultra MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) 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.