ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD – Get Free Report) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 4,364 shares, a drop of 33.7% from the January 29th total of 6,582 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average daily volume of 15,989 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 15,989 shares, the days-to-cover ratio is currently 0.3 days. Approximately 2.2% of the company’s shares are short sold.
ProShares UltraPro Short MidCap 400 Stock Performance
ProShares UltraPro Short MidCap 400 stock traded down $0.27 during trading hours on Monday, reaching $9.56. 5,687 shares of the company’s stock traded hands, compared to its average volume of 13,891. ProShares UltraPro Short MidCap 400 has a fifty-two week low of $9.37 and a fifty-two week high of $32.00. The firm’s 50 day moving average is $10.67 and its 200-day moving average is $12.34.
Institutional Trading of ProShares UltraPro Short MidCap 400
A hedge fund recently bought a new stake in ProShares UltraPro Short MidCap 400 stock. Jane Street Group LLC bought a new position in shares of ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 12,433 shares of the company’s stock, valued at approximately $193,000. Jane Street Group LLC owned 6.54% of ProShares UltraPro Short MidCap 400 at the end of the most recent quarter.
ProShares UltraPro Short MidCap 400 Company Profile
ProShares UltraPro Short MidCap400 ETF is an exchange traded fund, which seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index. The ETF seeks a return of -300% of the return of an index (target) for a single day. The S&P MidCap 400 Index is a 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.
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