Short Interest in ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) Drops By 40.6%

ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 3,527 shares, a decline of 40.6% from the April 30th total of 5,939 shares. Based on an average daily volume of 9,656 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.7% of the company’s stock are short sold.

ProShares UltraPro Short MidCap 400 Stock Performance

ProShares UltraPro Short MidCap 400 stock opened at $8.23 on Thursday. ProShares UltraPro Short MidCap 400 has a fifty-two week low of $8.20 and a fifty-two week high of $17.39. The firm’s 50-day simple moving average is $9.52 and its 200 day simple moving average is $10.74.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares UltraPro Short MidCap 400 stock. Jane Street Group LLC bought a new stake in ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,433 shares of the company’s stock, valued at approximately $193,000. Jane Street Group LLC owned about 6.54% of ProShares UltraPro Short MidCap 400 as of its most recent SEC filing.

ProShares UltraPro Short MidCap 400 Company Profile

ProShares UltraPro Short MidCap400 ETF is an exchange traded fund, which seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index. The ETF seeks a return of -300% of the return of an index (target) for a single day. The S&P MidCap 400 Index is a 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.