ProShares Ultra MidCap 400 (NYSEARCA:MVV) Sees Large Growth in Short Interest
by Renee Jackson · The Cerbat GemProShares Ultra MidCap 400 (NYSEARCA:MVV – Get Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,501 shares, a growth of 197.2% from the May 14th total of 505 shares. Based on an average daily volume of 8,360 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.
Institutional Trading of ProShares Ultra MidCap 400
Several hedge funds and other institutional investors have recently bought and sold shares of MVV. Osaic Holdings Inc. purchased a new stake in ProShares Ultra MidCap 400 in the second quarter worth approximately $195,000. Integrated Advisors Network LLC purchased a new stake in ProShares Ultra MidCap 400 in the third quarter worth approximately $542,000. Farther Finance Advisors LLC purchased a new stake in ProShares Ultra MidCap 400 in the fourth quarter worth approximately $27,000. Finally, Tucker Asset Management LLC purchased a new stake in ProShares Ultra MidCap 400 in the fourth quarter worth approximately $37,000.
ProShares Ultra MidCap 400 Trading Up 1.4%
Shares of NYSEARCA MVV traded up $1.20 during midday trading on Friday, hitting $89.46. 6,328 shares of the company’s stock were exchanged, compared to its average volume of 15,818. ProShares Ultra MidCap 400 has a 12-month low of $59.49 and a 12-month high of $90.08. The company has a market cap of $168.18 million, a price-to-earnings ratio of 19.18 and a beta of 2.02. The business’s fifty day moving average price is $82.73 and its two-hundred day moving average price is $77.48.
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.