ProShares Ultra MidCap 400 (NYSEARCA:MVV) Short Interest Update

ProShares Ultra MidCap 400 (NYSEARCA:MVV) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 1,666 shares, a decline of 72.5% from the August 31st total of 6,060 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 6,762 shares, the short-interest ratio is presently 0.2 days.

ProShares Ultra MidCap 400 Trading Down 1.5%

Shares of MVV stock traded down $1.26 on Monday, hitting $80.22. 62,588 shares of the stock were exchanged, compared to its average volume of 13,073. The firm has a market capitalization of $140.38 million, a P/E ratio of 19.18 and a beta of 2.01. ProShares Ultra MidCap 400 has a fifty-two week low of $62.12 and a fifty-two week high of $94.88. The business has a 50-day moving average of $87.66 and a 200 day moving average of $84.23.

Hedge Funds Weigh In On ProShares Ultra MidCap 400

A hedge fund recently bought a new stake in ProShares Ultra MidCap 400 stock. Integrated Wealth Concepts LLC purchased a new position in shares of ProShares Ultra MidCap 400 (NYSEARCA:MVV) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 379 shares of the company’s stock, valued at approximately $35,000.

About ProShares Ultra MidCap 400

ProShares Ultra MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) 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.