ProShares Short MidCap 400 (NYSEARCA:MYY – Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 2,748 shares, a decrease of 84.6% from the April 30th total of 17,794 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 8,284 shares, the short-interest ratio is currently 0.3 days.
ProShares Short MidCap 400 Trading Up 0.5%
NYSEARCA MYY traded up $0.08 during trading hours on Thursday, reaching $15.69. 779 shares of the company traded hands, compared to its average volume of 9,735. ProShares Short MidCap 400 has a 12 month low of $15.52 and a 12 month high of $19.71. The company has a 50 day moving average of $16.35 and a two-hundred day moving average of $16.84.
Hedge Funds Weigh In On ProShares Short MidCap 400
An institutional investor recently bought a new position in ProShares Short MidCap 400 stock. IHT Wealth Management LLC bought a new stake in ProShares Short MidCap 400 (NYSEARCA:MYY – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,700 shares of the company’s stock, valued at approximately $257,000. IHT Wealth Management LLC owned 5.07% of ProShares Short MidCap 400 as of its most recent SEC filing.
ProShares Short MidCap 400 Company Profile
ProShares Short MidCap400 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P MidCap 400 Index (the Index). The S&P MidCap 400 Index is a measure of mid-size company United States stock market performance. It is a capitalization weighted index of 400 United States operating companies and real estate investment trusts (REITs). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.
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