ProShares Ultra MidCap 400 (NYSEARCA:MVV) Sees Significant Growth in Short Interest

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 7,235 shares, a growth of 246.0% from the March 31st total of 2,091 shares. Based on an average daily volume of 17,117 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the stock are sold short.

ProShares Ultra MidCap 400 Stock Up 0.4%

MVV stock traded up $0.36 during midday trading on Friday, hitting $82.90. The company’s stock had a trading volume of 4,038 shares, compared to its average volume of 18,080. ProShares Ultra MidCap 400 has a 12 month low of $52.23 and a 12 month high of $85.63. The firm has a market capitalization of $155.85 million, a price-to-earnings ratio of 19.18 and a beta of 2.07. The company has a 50 day moving average of $76.73 and a two-hundred day moving average of $73.55.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Advisors Network LLC boosted its position in shares of ProShares Ultra MidCap 400 by 16.5% during the 4th quarter. Integrated Advisors Network LLC now owns 9,146 shares of the company’s stock valued at $637,000 after acquiring an additional 1,297 shares during the last quarter. Osaic Holdings Inc. bought a new position in shares of ProShares Ultra MidCap 400 during the 2nd quarter valued at approximately $195,000. Traynor Capital Management Inc. bought a new position in shares of ProShares Ultra MidCap 400 during the 3rd quarter valued at approximately $208,000. Tucker Asset Management LLC bought a new position in shares of ProShares Ultra MidCap 400 during the 4th quarter valued at approximately $37,000. Finally, Farther Finance Advisors LLC bought a new position in shares of ProShares Ultra MidCap 400 during the 4th quarter valued at approximately $27,000.

ProShares Ultra MidCap 400 Company Profile

ProShares Ultra MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) 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.