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

ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 3,636 shares, a growth of 137.2% from the March 31st total of 1,533 shares. Based on an average trading volume of 9,370 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are short sold.

ProShares UltraPro MidCap 400 Stock Performance

Shares of UMDD stock traded up $0.23 on Friday, hitting $32.46. The company’s stock had a trading volume of 6,786 shares, compared to its average volume of 12,686. The stock’s 50 day moving average is $29.12 and its 200-day moving average is $27.57. ProShares UltraPro MidCap 400 has a fifty-two week low of $16.96 and a fifty-two week high of $34.19. The company has a market capitalization of $32.14 million, a PE ratio of 13.00 and a beta of 3.12.

Hedge Funds Weigh In On ProShares UltraPro MidCap 400

A hedge fund recently bought a new stake in ProShares UltraPro MidCap 400 stock. Millington Financial Advisors LLC purchased a new stake in ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,182 shares of the company’s stock, valued at approximately $209,000. Millington Financial Advisors LLC owned approximately 0.76% of ProShares UltraPro MidCap 400 as of its most recent filing with the Securities & Exchange Commission.

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 .