ProShares Ultra MidCap 400 (NYSEARCA:MVV) Shares Shorted: Short Interest Up 902.5% in September

ProShares Ultra MidCap 400 (NYSEARCA:MVV) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 16,701 shares, a growth of 902.5% from the September 15th total of 1,666 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 16,490 shares, the short-interest ratio is currently 1.0 days.

ProShares Ultra MidCap 400 Price Performance

NYSEARCA:MVV traded up $0.90 during mid-day trading on Friday, hitting $82.29. The company’s stock had a trading volume of 2,569 shares, compared to its average volume of 13,075. The business’s fifty day moving average is $86.39 and its two-hundred day moving average is $84.82. The stock has a market cap of $145.65 million, a price-to-earnings ratio of 19.18 and a beta of 2.03. ProShares Ultra MidCap 400 has a 1 year low of $62.12 and a 1 year high of $94.88.

Institutional Trading of ProShares Ultra MidCap 400

An institutional investor recently bought a new stake in ProShares Ultra MidCap 400 stock. Citadel Advisors LLC acquired a new position in ProShares Ultra MidCap 400 (NYSEARCA:MVV) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,501 shares of the company’s stock, valued at approximately $1,427,000. Citadel Advisors LLC owned approximately 0.89% of ProShares Ultra MidCap 400 at the end of the most recent quarter.

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.