Short Interest in ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) Decreases By 54.1%

ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 1,669 shares, a drop of 54.1% from the April 15th total of 3,636 shares. Based on an average daily trading volume, of 11,818 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

ProShares UltraPro MidCap 400 Stock Performance

Shares of ProShares UltraPro MidCap 400 stock traded down $1.68 during mid-day trading on Friday, hitting $31.33. 15,761 shares of the stock were exchanged, compared to its average volume of 11,677. ProShares UltraPro MidCap 400 has a 12 month low of $19.43 and a 12 month high of $35.19. The company has a 50-day simple moving average of $29.39 and a 200 day simple moving average of $28.28. The company has a market capitalization of $31.02 million, a P/E ratio of 13.00 and a beta of 3.07.

Institutional Investors Weigh In On ProShares UltraPro MidCap 400

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