ProShares Short MidCap 400 (NYSEARCA:MYY) Short Interest Down 84.6% in May

ProShares Short MidCap 400 (NYSEARCA:MYY) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,748 shares, a decline of 84.6% from the April 30th total of 17,794 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 8,284 shares, the days-to-cover ratio is currently 0.3 days.

ProShares Short MidCap 400 Stock Performance

Shares of ProShares Short MidCap 400 stock traded up $0.08 during trading on Thursday, hitting $15.69. The stock had a trading volume of 779 shares, compared to its average volume of 9,735. ProShares Short MidCap 400 has a 1 year low of $15.52 and a 1 year high of $19.71. The stock has a 50 day simple moving average of $16.35 and a 200 day simple moving average of $16.84.

Institutional Investors Weigh In On ProShares Short MidCap 400

A hedge fund recently bought a new stake in ProShares Short MidCap 400 stock. IHT Wealth Management LLC acquired a new stake in shares of ProShares Short MidCap 400 (NYSEARCA:MYY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,700 shares of the company’s stock, valued at approximately $257,000. IHT Wealth Management LLC owned about 5.07% of ProShares Short MidCap 400 at the end of the most recent quarter.

ProShares Short MidCap 400 Company Profile

ProShares Short MidCap400 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P MidCap 400 Index (the Index). The S&P MidCap 400 Index is a measure of mid-size company United States stock market performance. It is a capitalization weighted index of 400 United States operating companies and real estate investment trusts (REITs). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.