ProShares Short MidCap 400 (NYSEARCA:MYY – Get Free Report) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,748 shares, a decline of 84.6% from the April 30th total of 17,794 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 8,284 shares, the days-to-cover ratio is presently 0.3 days.
ProShares Short MidCap 400 Stock Down 0.1%
NYSEARCA:MYY traded down $0.02 during trading hours on Friday, reaching $15.59. 784 shares of the company traded hands, compared to its average volume of 9,662. The business’s 50-day moving average price is $16.29 and its two-hundred day moving average price is $16.82. ProShares Short MidCap 400 has a 1 year low of $15.52 and a 1 year high of $19.71.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in ProShares Short MidCap 400 stock. IHT Wealth Management LLC purchased a new position in ProShares Short MidCap 400 (NYSEARCA:MYY – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,700 shares of the company’s stock, valued at approximately $257,000. IHT Wealth Management LLC owned about 5.07% of ProShares Short MidCap 400 at the end of the most recent reporting period.
About ProShares Short MidCap 400
ProShares Short MidCap400 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P MidCap 400 Index (the Index). The S&P MidCap 400 Index is a measure of mid-size company United States stock market performance. It is a capitalization weighted index of 400 United States operating companies and real estate investment trusts (REITs). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.
Further Reading
- Five stocks we like better than ProShares Short MidCap 400
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
Receive News & Ratings for ProShares Short MidCap 400 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Short MidCap 400 and related companies with MarketBeat.com's FREE daily email newsletter.
