Short Interest in ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) Expands By 64.7%

ProShares UltraPro MidCap 400 (NYSEARCA:UMDDGet Free Report) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 4,792 shares, a growth of 64.7% from the November 30th total of 2,909 shares. Based on an average trading volume of 7,801 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 7,801 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On ProShares UltraPro MidCap 400

An institutional investor recently bought a new position in ProShares UltraPro MidCap 400 stock. Susquehanna International Group LLP acquired a new stake in ProShares UltraPro MidCap 400 (NYSEARCA:UMDDFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

ProShares UltraPro MidCap 400 Trading Down 1.8%

Shares of UMDD traded down $0.48 during midday trading on Monday, reaching $26.65. The stock had a trading volume of 6,791 shares, compared to its average volume of 12,931. The firm has a market cap of $29.85 million, a PE ratio of 13.00 and a beta of 3.25. The firm has a 50 day simple moving average of $25.29 and a 200-day simple moving average of $24.72. ProShares UltraPro MidCap 400 has a one year low of $12.81 and a one year high of $31.25.

ProShares UltraPro MidCap 400 Company Profile

(Get Free Report)

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 .

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