Short Interest in ProShares Short MidCap 400 (NYSEARCA:MYY) Increases By 70.8%

ProShares Short MidCap 400 (NYSEARCA:MYY) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 5,199 shares, a growth of 70.8% from the June 30th total of 3,044 shares. Based on an average daily trading volume, of 4,373 shares, the short-interest ratio is presently 1.2 days. Approximately 2.7% of the company’s stock are short sold.

ProShares Short MidCap 400 Stock Performance

NYSEARCA MYY opened at $15.36 on Friday. The stock’s 50 day moving average is $15.37 and its 200 day moving average is $16.10. ProShares Short MidCap 400 has a twelve month low of $14.93 and a twelve month high of $19.04.

Institutional Investors Weigh In On ProShares Short MidCap 400

An institutional investor recently bought a new position in ProShares Short MidCap 400 stock. IHT Wealth Management LLC purchased a new position in ProShares Short MidCap 400 (NYSEARCA:MYY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,700 shares of the company’s stock, valued at approximately $257,000. IHT Wealth Management LLC owned approximately 5.07% of ProShares Short MidCap 400 at the end of the most recent reporting period.

ProShares Short MidCap 400 Company Profile

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.