ProShares Ultra MidCap 400 (NYSEARCA:MVV) Shares Shorted: Short Interest Up 902.5% in September

by · The Cerbat Gem

ProShares Ultra MidCap 400 (NYSEARCA:MVV – Get Free Report) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 16,701 shares, a growth of 902.5% from the September 15th total of 1,666 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 16,490 shares, the short-interest ratio is presently 1.0 days.

ProShares Ultra MidCap 400 Stock Performance

Shares of ProShares Ultra MidCap 400 stock traded up $0.90 during midday trading on Friday, hitting $82.29. The company had a trading volume of 2,569 shares, compared to its average volume of 13,075. The company has a 50 day moving average of $86.39 and a 200 day moving average of $84.82. The stock has a market capitalization of $148.12 million, a P/E ratio of 19.18 and a beta of 2.03. ProShares Ultra MidCap 400 has a 52-week low of $62.12 and a 52-week high of $94.88.

Hedge Funds Weigh In On ProShares Ultra MidCap 400

An institutional investor recently bought a new stake in ProShares Ultra MidCap 400 stock. Integrated Wealth Concepts LLC purchased a new position in ProShares Ultra MidCap 400 (NYSEARCA:MVV – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 379 shares of the company’s stock, valued at approximately $35,000.

ProShares Ultra MidCap 400 Company Profile

(Get Free Report)

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.

Featured Articles