ProShares UltraShort MidCap 400 (NYSEARCA:MZZ – Get Free Report) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 2,013 shares, a drop of 43.5% from the July 15th total of 3,562 shares. Based on an average daily volume of 3,054 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.5% of the company’s stock are short sold.
ProShares UltraShort MidCap 400 Stock Up 3.2%
Shares of ProShares UltraShort MidCap 400 stock traded up $0.18 on Tuesday, hitting $5.77. The stock had a trading volume of 443 shares, compared to its average volume of 10,314. ProShares UltraShort MidCap 400 has a 52-week low of $5.55 and a 52-week high of $9.08. The company’s 50 day moving average price is $5.91 and its 200 day moving average price is $6.51.
Institutional Inflows and Outflows
An institutional investor recently raised its position in ProShares UltraShort MidCap 400 stock. Tower Research Capital LLC TRC raised its stake in ProShares UltraShort MidCap 400 (NYSEARCA:MZZ – Free Report) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,882 shares of the company’s stock after buying an additional 1,354 shares during the period. Tower Research Capital LLC TRC owned approximately 16.34% of ProShares UltraShort MidCap 400 worth $210,000 at the end of the most recent reporting period.
ProShares UltraShort MidCap 400 Company Profile
ProShares UltraShort MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index (the Index). The Index is a measure of mid-size company United States stock market performance. It is a float-adjusted market capitalization weighted index of 400 United States operating companies and real estate investment trusts (REITs). Securities are selected for inclusion in the Index by the S&P U.S. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.
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