ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 12,050 shares, a decrease of 22.1% from the February 26th total of 15,459 shares. Based on an average daily trading volume, of 17,676 shares, the short-interest ratio is currently 0.7 days. Approximately 1.1% of the shares of the stock are short sold.
ProShares UltraPro MidCap 400 Trading Up 8.4%
Shares of ProShares UltraPro MidCap 400 stock traded up $2.02 on Tuesday, reaching $26.05. The stock had a trading volume of 10,694 shares, compared to its average volume of 12,699. The business’s 50 day moving average is $29.23 and its two-hundred day moving average is $27.03. ProShares UltraPro MidCap 400 has a 1 year low of $12.81 and a 1 year high of $33.12. The company has a market cap of $28.14 million, a P/E ratio of 13.00 and a beta of 3.25.
ProShares UltraPro MidCap 400 Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be paid a $0.0398 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $0.16 annualized dividend and a yield of 0.6%.
Institutional Inflows and Outflows
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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