ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) Sees Significant Increase in Short Interest

ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 6,787 shares, a growth of 26.3% from the December 31st total of 5,372 shares. Based on an average daily volume of 11,385 shares, the days-to-cover ratio is presently 0.6 days. Currently, 3.4% of the shares of the company are short sold. Currently, 3.4% of the shares of the company are short sold. Based on an average daily volume of 11,385 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of ProShares UltraPro Short MidCap 400

An institutional investor recently bought a new position in ProShares UltraPro Short MidCap 400 stock. Jane Street Group LLC bought a new position in ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 Stock Performance

SMDD traded down $0.32 on Wednesday, reaching $10.43. The company had a trading volume of 5,387 shares, compared to its average volume of 13,521. The company has a fifty day moving average of $11.58 and a 200-day moving average of $12.95. ProShares UltraPro Short MidCap 400 has a one year low of $10.01 and a one year high of $32.00.

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.