ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) Short Interest Update

ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 2,476 shares, a decline of 33.5% from the December 31st total of 3,723 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 7,970 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 7,970 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On ProShares UltraPro MidCap 400

A hedge fund recently bought a new stake 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 Price Performance

Shares of NYSEARCA:UMDD traded down $0.93 during trading on Friday, hitting $28.33. The company’s stock had a trading volume of 4,615 shares, compared to its average volume of 8,326. The firm has a market cap of $30.60 million, a price-to-earnings ratio of 13.00 and a beta of 3.25. The company has a 50-day moving average of $27.44 and a 200-day moving average of $25.68. ProShares UltraPro MidCap 400 has a 12 month low of $12.81 and a 12 month high of $31.40.

About ProShares UltraPro MidCap 400

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 .