ProShares Ultra MidCap 400 (NYSEARCA:MVV) Sees Large Increase in Short Interest

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 8,484 shares, a growth of 684.8% from the November 30th total of 1,081 shares. Based on an average trading volume of 12,719 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 12,719 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On ProShares Ultra MidCap 400

A number of institutional investors have recently bought and sold shares of the business. Integrated Advisors Network LLC bought a new stake in ProShares Ultra MidCap 400 in the 3rd quarter valued at $542,000. Kingsview Wealth Management LLC acquired a new stake in shares of ProShares Ultra MidCap 400 during the 2nd quarter valued at about $222,000. Osaic Holdings Inc. bought a new stake in ProShares Ultra MidCap 400 in the second quarter valued at about $195,000. Finally, Traynor Capital Management Inc. acquired a new position in ProShares Ultra MidCap 400 in the third quarter worth about $208,000.

ProShares Ultra MidCap 400 Stock Up 0.0%

ProShares Ultra MidCap 400 stock traded up $0.02 during trading hours on Wednesday, hitting $72.65. The stock had a trading volume of 817 shares, compared to its average volume of 18,882. The company has a 50-day moving average of $68.88 and a two-hundred day moving average of $67.43. ProShares Ultra MidCap 400 has a fifty-two week low of $42.64 and a fifty-two week high of $75.70. The company has a market cap of $154.02 million, a PE ratio of 19.18 and a beta of 2.15.

ProShares Ultra MidCap 400 Company Profile

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.