ProShares Ultra MidCap 400 (NYSEARCA:MVV) Short Interest Update

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,501 shares, an increase of 197.2% from the May 14th total of 505 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 8,360 shares, the short-interest ratio is presently 0.2 days.

ProShares Ultra MidCap 400 Trading Up 1.4%

Shares of MVV opened at $89.46 on Friday. The firm has a market cap of $168.18 million, a PE ratio of 19.18 and a beta of 2.02. The company’s 50 day simple moving average is $82.73 and its 200-day simple moving average is $77.48. ProShares Ultra MidCap 400 has a 12-month low of $59.49 and a 12-month high of $90.08.

Hedge Funds Weigh In On ProShares Ultra MidCap 400

A number of hedge funds have recently modified their holdings of MVV. Osaic Holdings Inc. purchased a new position in shares of ProShares Ultra MidCap 400 during the second quarter worth approximately $195,000. Integrated Advisors Network LLC purchased a new position in shares of ProShares Ultra MidCap 400 during the third quarter worth approximately $542,000. Farther Finance Advisors LLC purchased a new position in shares of ProShares Ultra MidCap 400 during the fourth quarter worth approximately $27,000. Finally, Tucker Asset Management LLC purchased a new position in ProShares Ultra MidCap 400 in the 4th quarter valued at $37,000.

About ProShares Ultra MidCap 400

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.