ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Get Free Report) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,654 shares, a drop of 61.5% from the June 15th total of 4,298 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 6,882 shares, the short-interest ratio is presently 0.2 days.
ProShares UltraPro MidCap 400 Price Performance
NYSEARCA UMDD traded up $0.50 on Tuesday, hitting $35.24. 3,555 shares of the company’s stock were exchanged, compared to its average volume of 10,256. The firm has a market cap of $32.77 million, a price-to-earnings ratio of 13.00 and a beta of 3.03. The firm’s 50-day moving average price is $34.53 and its two-hundred day moving average price is $31.10. ProShares UltraPro MidCap 400 has a fifty-two week low of $21.52 and a fifty-two week high of $37.66.
Hedge Funds Weigh In On ProShares UltraPro MidCap 400
An institutional investor recently bought a new stake in ProShares UltraPro MidCap 400 stock. Millington Financial Advisors LLC acquired a new stake in ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,182 shares of the company’s stock, valued at approximately $209,000. Millington Financial Advisors LLC owned 0.76% of ProShares UltraPro MidCap 400 as of its most recent SEC filing.
About ProShares UltraPro MidCap 400
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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