ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD – Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,527 shares, a decrease of 40.6% from the April 30th total of 5,939 shares. Based on an average daily trading volume, of 9,656 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.7% of the company’s shares are sold short.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in ProShares UltraPro Short MidCap 400 stock. Jane Street Group LLC acquired a new position in shares of ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,433 shares of the company’s stock, valued at approximately $193,000. Jane Street Group LLC owned 6.54% of ProShares UltraPro Short MidCap 400 as of its most recent SEC filing.
ProShares UltraPro Short MidCap 400 Stock Performance
Shares of NYSEARCA SMDD opened at $8.43 on Tuesday. The business’s 50 day moving average price is $9.67 and its 200-day moving average price is $10.81. ProShares UltraPro Short MidCap 400 has a fifty-two week low of $8.27 and a fifty-two week high of $18.12.
About ProShares UltraPro Short MidCap 400
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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