ProShares Short MidCap 400 (NYSEARCA:MYY – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 6,095 shares, an increase of 121.8% from the May 14th total of 2,748 shares. Based on an average daily trading volume, of 11,143 shares, the days-to-cover ratio is currently 0.5 days. Currently, 3.6% of the shares of the company are short sold.
Hedge Funds Weigh In On ProShares Short MidCap 400
An institutional investor recently raised its position in ProShares Short MidCap 400 stock. Tower Research Capital LLC TRC grew its holdings in shares of ProShares Short MidCap 400 (NYSEARCA:MYY – Free Report) by 172.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,915 shares of the company’s stock after purchasing an additional 12,615 shares during the quarter. Tower Research Capital LLC TRC owned approximately 7.38% of ProShares Short MidCap 400 worth $373,000 as of its most recent filing with the Securities & Exchange Commission.
ProShares Short MidCap 400 Price Performance
Shares of NYSEARCA:MYY opened at $15.30 on Monday. ProShares Short MidCap 400 has a fifty-two week low of $15.25 and a fifty-two week high of $19.55. The business has a 50-day simple moving average of $15.94 and a two-hundred day simple moving average of $16.62.
About ProShares Short MidCap 400
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.
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