ProShares Ultra MidCap 400 (NYSEARCA:MVV) Short Interest Update

ProShares Ultra MidCap 400 (NYSEARCA:MVV) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 780 shares, a drop of 66.9% from the June 15th total of 2,353 shares. Based on an average daily volume of 14,524 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On ProShares Ultra MidCap 400

Several large investors have recently bought and sold shares of MVV. Osaic Holdings Inc. bought a new stake in shares of ProShares Ultra MidCap 400 in the 2nd quarter worth $195,000. Integrated Advisors Network LLC lifted its position in shares of ProShares Ultra MidCap 400 by 16.5% during the fourth quarter. Integrated Advisors Network LLC now owns 9,146 shares of the company’s stock valued at $637,000 after purchasing an additional 1,297 shares in the last quarter. Tucker Asset Management LLC bought a new position in shares of ProShares Ultra MidCap 400 during the fourth quarter valued at about $37,000. Finally, Farther Finance Advisors LLC purchased a new position in ProShares Ultra MidCap 400 during the fourth quarter worth about $27,000.

ProShares Ultra MidCap 400 Price Performance

Shares of NYSEARCA:MVV opened at $88.41 on Monday. The stock has a market cap of $154.72 million, a price-to-earnings ratio of 19.18 and a beta of 2.01. ProShares Ultra MidCap 400 has a 12-month low of $61.64 and a 12-month high of $92.24. The business’s 50 day moving average is $86.65 and its 200 day moving average is $80.17.

About ProShares Ultra MidCap 400

ProShares Ultra MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the S&P MidCap 400 Index (the Index). The Index is a measure of mid-size company United States stock market performance. It is a float-adjusted market capitalization weighted index of 400 United States operating companies and real estate investment trusts (REITs). Securities are selected for inclusion in the Index by the S&P U.S. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.