ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 7,482 shares, an increase of 514.3% from the July 30th total of 1,218 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 4,640 shares, the short-interest ratio is presently 1.6 days.
Institutional Trading of ProShares UltraPro MidCap 400
A hedge fund recently bought a new stake in ProShares UltraPro MidCap 400 stock. Susquehanna International Group LLP bought a new position in shares of ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,843 shares of the company’s stock, valued at approximately $531,000. Susquehanna International Group LLP owned approximately 1.86% of ProShares UltraPro MidCap 400 as of its most recent filing with the Securities and Exchange Commission (SEC).
ProShares UltraPro MidCap 400 Stock Performance
NYSEARCA UMDD traded down $0.30 on Friday, reaching $35.75. The company’s stock had a trading volume of 932 shares, compared to its average volume of 9,584. ProShares UltraPro MidCap 400 has a twelve month low of $21.52 and a twelve month high of $39.16. The stock has a market cap of $32.89 million, a PE ratio of 13.00 and a beta of 3.04. The firm’s 50 day moving average is $36.11 and its two-hundred day moving average is $32.84.
ProShares UltraPro MidCap 400 Company Profile
ProShares UltraPro MidCap400 (the Fund), seeks daily investment results, which correspond to triple (300%) the daily performance of the S&P MidCap 400 Index (the Index). The Index is 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. The investment adviser of the Fund is ProShare Advisors LLC .
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