ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) Sees Large Drop in Short Interest

ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD – Get Free Report) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 8,191 shares, a decline of 73.0% from the August 31st total of 30,379 shares. Based on an average trading volume of 7,936 shares, the short-interest ratio is currently 1.0 days. Currently, 3.6% of the shares of the company are short sold.

ProShares UltraPro Short MidCap 400 Stock Performance

SMDD opened at $8.80 on Friday. The business has a fifty day simple moving average of $8.01 and a 200 day simple moving average of $8.81. ProShares UltraPro Short MidCap 400 has a 1 year low of $7.08 and a 1 year high of $15.18.

About ProShares UltraPro Short MidCap 400

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ProShares UltraPro Short MidCap400 ETF is an exchange traded fund, which seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index. The ETF seeks a return of -300% of the return of an index (target) for a single day. The S&P MidCap 400 Index is a 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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