ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD – Get Free Report) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 2,169 shares, a decrease of 29.0% from the November 30th total of 3,056 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 5,546 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 5,546 shares, the short-interest ratio is presently 0.4 days. Currently, 1.1% of the shares of the company are short sold.
ProShares UltraPro Short MidCap 400 Stock Performance
Shares of NYSEARCA SMDD traded up $0.32 during midday trading on Wednesday, hitting $12.36. 11,581 shares of the company’s stock were exchanged, compared to its average volume of 13,532. ProShares UltraPro Short MidCap 400 has a 12 month low of $11.55 and a 12 month high of $32.00. The company’s 50 day moving average price is $12.90 and its 200 day moving average price is $13.74.
Institutional Trading of ProShares UltraPro Short MidCap 400
A hedge fund recently bought a new stake in ProShares UltraPro Short MidCap 400 stock. Jane Street Group LLC purchased a new position in shares of ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 12,433 shares of the company’s stock, valued at approximately $193,000. Jane Street Group LLC owned approximately 6.54% of ProShares UltraPro Short MidCap 400 at the end of the most recent quarter.
ProShares UltraPro Short MidCap 400 Company Profile
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.
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