ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 24,045 shares, an increase of 351.8% from the July 30th total of 5,322 shares. Currently, 9.2% of the company’s shares are short sold. Based on an average daily trading volume, of 12,210 shares, the short-interest ratio is currently 2.0 days.
ProShares UltraPro Short MidCap 400 Trading Down 0.4%
NYSEARCA SMDD traded down $0.03 during trading hours on Thursday, reaching $7.68. The company had a trading volume of 12,520 shares, compared to its average volume of 13,937. The stock has a 50-day moving average of $7.76 and a 200 day moving average of $9.03. ProShares UltraPro Short MidCap 400 has a 1-year low of $7.08 and a 1-year high of $15.18.
Institutional Investors Weigh In On ProShares UltraPro Short MidCap 400
A hedge fund recently bought a new stake in ProShares UltraPro Short MidCap 400 stock. Jane Street Group LLC acquired a new position in ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,433 shares of the company’s stock, valued at approximately $193,000. Jane Street Group LLC owned about 6.54% of ProShares UltraPro Short MidCap 400 as of its most recent filing with the Securities and Exchange Commission.
ProShares UltraPro Short MidCap 400 Company Profile
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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