ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) Sees Significant Increase in Short Interest

ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 3,562 shares, a growth of 147.2% from the June 30th total of 1,441 shares. Based on an average trading volume of 6,390 shares, the short-interest ratio is currently 0.6 days. Currently, 0.9% of the company’s stock are sold short.

Hedge Funds Weigh In On ProShares UltraShort MidCap 400

An institutional investor recently raised its position in ProShares UltraShort MidCap 400 stock. Tower Research Capital LLC TRC raised its position in shares of ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,882 shares of the company’s stock after buying an additional 1,354 shares during the quarter. Tower Research Capital LLC TRC owned about 16.34% of ProShares UltraShort MidCap 400 worth $210,000 at the end of the most recent quarter.

ProShares UltraShort MidCap 400 Stock Up 3.5%

Shares of NYSEARCA:MZZ traded up $0.21 during trading on Wednesday, hitting $6.15. The stock had a trading volume of 894 shares, compared to its average volume of 8,784. The firm’s fifty day moving average is $6.05 and its 200 day moving average is $6.66. ProShares UltraShort MidCap 400 has a 12 month low of $5.74 and a 12 month high of $9.41.

About ProShares UltraShort MidCap 400

ProShares UltraShort MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index (the Index). The Index is a measure of mid-size company United States stock market performance. It is a float-adjusted market capitalization weighted index of 400 United States operating companies and real estate investment trusts (REITs). Securities are selected for inclusion in the Index by the S&P U.S. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.