ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Get Free Report) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,218 shares, a drop of 69.7% from the July 15th total of 4,021 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,992 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of ProShares UltraPro MidCap 400
A hedge fund recently bought a new stake in ProShares UltraPro MidCap 400 stock. Susquehanna International Group LLP purchased a new stake in shares of ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 20,843 shares of the company’s stock, valued at approximately $531,000. Susquehanna International Group LLP owned 1.86% of ProShares UltraPro MidCap 400 as of its most recent SEC filing.
ProShares UltraPro MidCap 400 Trading Up 1.2%
Shares of NYSEARCA UMDD opened at $38.38 on Thursday. ProShares UltraPro MidCap 400 has a 12 month low of $21.52 and a 12 month high of $38.45. The firm has a market capitalization of $35.31 million, a price-to-earnings ratio of 13.00 and a beta of 3.04. The business has a 50-day moving average of $35.69 and a 200-day moving average of $32.27.
ProShares UltraPro MidCap 400 Company Profile
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 .
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