ProShares Ultra MidCap 400 (NYSEARCA:MVV) Short Interest Up 65.8% in August

ProShares Ultra MidCap 400 (NYSEARCA:MVV) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 2,192 shares, a growth of 65.8% from the July 30th total of 1,322 shares. Based on an average daily trading volume, of 5,858 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On ProShares Ultra MidCap 400

Several large investors have recently made changes to their positions in the business. Integrated Advisors Network LLC grew its stake in shares of ProShares Ultra MidCap 400 by 16.5% in the 4th quarter. Integrated Advisors Network LLC now owns 9,146 shares of the company’s stock worth $637,000 after purchasing an additional 1,297 shares during the last quarter. Osaic Holdings Inc. bought a new stake in ProShares Ultra MidCap 400 during the second quarter worth approximately $195,000. Tucker Asset Management LLC acquired a new position in ProShares Ultra MidCap 400 in the fourth quarter worth approximately $37,000. Finally, Farther Finance Advisors LLC acquired a new position in ProShares Ultra MidCap 400 in the fourth quarter worth approximately $27,000.

ProShares Ultra MidCap 400 Price Performance

Shares of ProShares Ultra MidCap 400 stock traded down $2.04 during trading on Tuesday, hitting $84.92. The stock had a trading volume of 33,799 shares, compared to its average volume of 13,420. The business has a fifty day moving average of $89.63 and a two-hundred day moving average of $83.70. ProShares Ultra MidCap 400 has a fifty-two week low of $62.12 and a fifty-two week high of $94.88. The firm has a market cap of $148.61 million, a P/E ratio of 19.18 and a beta of 2.02.

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.