ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,818 shares, a decline of 75.7% from the August 15th total of 7,482 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 6,007 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in ProShares UltraPro MidCap 400 stock. Millington Financial Advisors LLC bought a new stake in ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 at the end of the most recent quarter.
ProShares UltraPro MidCap 400 Trading Up 2.4%
Shares of NYSEARCA UMDD traded up $0.78 during trading hours on Friday, hitting $32.85. 928 shares of the company traded hands, compared to its average volume of 9,200. The company’s 50 day moving average price is $35.58 and its 200 day moving average price is $32.99. ProShares UltraPro MidCap 400 has a 12 month low of $21.52 and a 12 month high of $39.16. The stock has a market capitalization of $30.22 million, a price-to-earnings ratio of 13.00 and a beta of 3.03.
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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