ProShares Short MidCap 400 (NYSEARCA:MYY – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,963 shares, a decrease of 51.4% from the May 31st total of 6,095 shares. Based on an average daily volume of 19,294 shares, the short-interest ratio is currently 0.2 days. Currently, 1.7% of the company’s stock are short sold.
Hedge Funds Weigh In On ProShares Short MidCap 400
An institutional investor recently bought a new stake in ProShares Short MidCap 400 stock. IHT Wealth Management LLC acquired a new stake in ProShares Short MidCap 400 (NYSEARCA:MYY – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,700 shares of the company’s stock, valued at approximately $257,000. IHT Wealth Management LLC owned about 5.07% of ProShares Short MidCap 400 as of its most recent SEC filing.
ProShares Short MidCap 400 Trading Down 0.9%
Shares of NYSEARCA MYY traded down $0.13 during trading on Tuesday, reaching $14.95. 3,886 shares of the stock were exchanged, compared to its average volume of 9,975. The business’s 50-day moving average price is $15.66 and its 200 day moving average price is $16.43. ProShares Short MidCap 400 has a twelve month low of $14.95 and a twelve month high of $19.04.
About ProShares Short MidCap 400
ProShares Short MidCap400 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P MidCap 400 Index (the Index). The S&P MidCap 400 Index is a measure of mid-size company United States stock market performance. It is a capitalization weighted index of 400 United States operating companies and real estate investment trusts (REITs). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.
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