Shares of ProShares UltraPro MidCap400 (NYSEARCA:UMDD) shot up 3.2% during trading on Thursday . The company traded as high as $118.86 and last traded at $118.86, 1 shares traded hands during trading. A decline of 100% from the average session volume of 2,116 shares. The stock had previously closed at $115.19.
The firm’s 50-day moving average is $111.42 and its two-hundred day moving average is $103.45.
An institutional investor recently bought a new position in ProShares UltraPro MidCap400 stock. Tower Research Capital LLC TRC acquired a new position in ProShares UltraPro MidCap400 (NYSEARCA:UMDD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,719 shares of the company’s stock, valued at approximately $280,000. Tower Research Capital LLC TRC owned about 1.36% of ProShares UltraPro MidCap400 at the end of the most recent quarter.
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.
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