ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) Short Interest Down 87.3% in March
by Amy Steele · The Cerbat GemProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Get Free Report) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 1,533 shares, a decline of 87.3% from the March 15th total of 12,050 shares. Based on an average daily volume of 14,863 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.
ProShares UltraPro MidCap 400 Stock Performance
Shares of UMDD stock traded down $0.36 during mid-day trading on Friday, hitting $29.54. The company’s stock had a trading volume of 6,494 shares, compared to its average volume of 12,388. ProShares UltraPro MidCap 400 has a 52-week low of $14.48 and a 52-week high of $33.12. The business has a 50-day moving average price of $28.92 and a 200 day moving average price of $27.12. The stock has a market cap of $30.72 million, a price-to-earnings ratio of 13.00 and a beta of 3.12.
ProShares UltraPro MidCap 400 Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were paid a $0.0398 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in ProShares UltraPro MidCap 400 stock. Susquehanna International Group LLP purchased a new position in ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,843 shares of the company’s stock, valued at approximately $531,000. Susquehanna International Group LLP owned about 1.86% of ProShares UltraPro MidCap 400 at the end of the most recent reporting period.
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 .