ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) Sees Significant Decrease in Short Interest

ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 539 shares, a decline of 78.2% from the January 15th total of 2,476 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 8,787 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 8,787 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of ProShares UltraPro MidCap 400

A hedge fund recently bought a new stake in ProShares UltraPro MidCap 400 stock. Millington Financial Advisors LLC acquired a new position in ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,182 shares of the company’s stock, valued at approximately $209,000. Millington Financial Advisors LLC owned about 0.76% of ProShares UltraPro MidCap 400 at the end of the most recent quarter.

ProShares UltraPro MidCap 400 Stock Down 0.7%

Shares of UMDD stock traded down $0.24 on Wednesday, reaching $31.99. The company’s stock had a trading volume of 2,761 shares, compared to its average volume of 9,138. The company has a market capitalization of $34.54 million, a P/E ratio of 13.00 and a beta of 3.25. ProShares UltraPro MidCap 400 has a 12-month low of $12.81 and a 12-month high of $32.91. The stock’s 50 day simple moving average is $28.20 and its 200-day simple moving average is $26.02.

About ProShares UltraPro MidCap 400

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 .