Short Interest in ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) Drops By 40.6%

by · The Markets Daily

ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD – Get Free Report) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 3,527 shares, a drop of 40.6% from the April 30th total of 5,939 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 9,656 shares, the days-to-cover ratio is currently 0.4 days.

ProShares UltraPro Short MidCap 400 Price Performance

ProShares UltraPro Short MidCap 400 stock opened at $8.43 on Tuesday. ProShares UltraPro Short MidCap 400 has a 1-year low of $8.27 and a 1-year high of $18.12. The business has a fifty day moving average price of $9.67 and a 200-day moving average price of $10.81.

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 acquired a new position in ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,433 shares of the company’s stock, valued at approximately $193,000. Jane Street Group LLC owned approximately 6.54% of ProShares UltraPro Short MidCap 400 at the end of the most recent reporting period.

About ProShares UltraPro Short MidCap 400

(Get Free Report)

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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