ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) Sees Large Increase in Short Interest

ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 4,021 shares, a growth of 143.1% from the June 30th total of 1,654 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 6,395 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On ProShares UltraPro MidCap 400

A hedge fund recently bought a new position in ProShares UltraPro MidCap 400 stock. Susquehanna International Group LLP acquired a new position in ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,843 shares of the company’s stock, valued at approximately $531,000. Susquehanna International Group LLP owned approximately 1.86% of ProShares UltraPro MidCap 400 at the end of the most recent reporting period.

ProShares UltraPro MidCap 400 Stock Performance

Shares of NYSEARCA:UMDD opened at $35.67 on Tuesday. The firm has a market cap of $33.17 million, a price-to-earnings ratio of 13.00 and a beta of 3.03. The business has a 50-day simple moving average of $34.98 and a two-hundred day simple moving average of $31.69. ProShares UltraPro MidCap 400 has a fifty-two week low of $21.52 and a fifty-two week high of $37.66.

ProShares UltraPro MidCap 400 Company Profile

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 .