ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) Sees Significant Increase in Short Interest

ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 13,896 shares, an increase of 218.4% from the February 12th total of 4,364 shares. Based on an average daily trading volume, of 13,206 shares, the days-to-cover ratio is currently 1.1 days. Approximately 6.9% of the shares of the company are sold short. Approximately 6.9% of the shares of the company are sold short. Based on an average daily trading volume, of 13,206 shares, the days-to-cover ratio is currently 1.1 days.

ProShares UltraPro Short MidCap 400 Stock Up 0.6%

Shares of SMDD traded up $0.07 during midday trading on Friday, reaching $11.93. 25,996 shares of the stock were exchanged, compared to its average volume of 17,116. ProShares UltraPro Short MidCap 400 has a twelve month low of $9.37 and a twelve month high of $32.00. The stock’s 50 day simple moving average is $10.44 and its 200 day simple moving average is $12.15.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares UltraPro Short MidCap 400 stock. Jane Street Group LLC purchased a new stake in ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,433 shares of the company’s stock, valued at approximately $193,000. Jane Street Group LLC owned approximately 6.54% of ProShares UltraPro Short MidCap 400 at the end of the most recent quarter.

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.