ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) Shares Shorted: Short Interest Down 66.1% in September

ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 1,070 shares, a decline of 66.1% from the September 15th total of 3,158 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 3,713 shares, the days-to-cover ratio is presently 0.3 days.

ProShares UltraPro MidCap 400 Stock Performance

Shares of UMDD traded down $0.31 during midday trading on Monday, hitting $31.14. 4,447 shares of the company traded hands, compared to its average volume of 8,632. The stock has a market cap of $27.40 million, a price-to-earnings ratio of 13.00 and a beta of 3.07. The firm has a 50 day moving average of $34.00 and a 200-day moving average of $33.39. ProShares UltraPro MidCap 400 has a 52 week low of $21.52 and a 52 week high of $39.16.

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 .