ProShares Ultra MidCap 400 (NYSEARCA:MVV – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 2,192 shares, a growth of 65.8% from the July 30th total of 1,322 shares. Based on an average trading volume of 5,858 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are sold short.
Institutional Trading of ProShares Ultra MidCap 400
Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new position in shares of ProShares Ultra MidCap 400 in the 4th quarter worth $27,000. Tucker Asset Management LLC purchased a new stake in ProShares Ultra MidCap 400 during the fourth quarter valued at about $37,000. Osaic Holdings Inc. purchased a new stake in ProShares Ultra MidCap 400 during the second quarter valued at about $195,000. Finally, Integrated Advisors Network LLC grew its position in ProShares Ultra MidCap 400 by 16.5% during the fourth quarter. Integrated Advisors Network LLC now owns 9,146 shares of the company’s stock valued at $637,000 after acquiring an additional 1,297 shares during the period.
ProShares Ultra MidCap 400 Price Performance
MVV stock traded down $0.84 on Monday, hitting $86.96. 5,154 shares of the company were exchanged, compared to its average volume of 13,297. The stock has a market capitalization of $152.18 million, a price-to-earnings ratio of 19.18 and a beta of 2.02. ProShares Ultra MidCap 400 has a twelve month low of $62.12 and a twelve month high of $94.88. The business’s fifty day moving average is $89.63 and its two-hundred day moving average is $83.70.
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.
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