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

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the target of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 4,854 shares, a decrease of 33.6% from the February 26th total of 7,305 shares. Based on an average daily volume of 18,020 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the shares of the stock are short sold.

ProShares Ultra MidCap 400 Price Performance

Shares of MVV stock traded down $1.12 during trading hours on Monday, hitting $67.69. The stock had a trading volume of 5,894 shares, compared to its average volume of 19,407. ProShares Ultra MidCap 400 has a one year low of $42.64 and a one year high of $83.01. The stock’s 50-day moving average price is $76.66 and its two-hundred day moving average price is $72.38. The stock has a market capitalization of $128.61 million, a price-to-earnings ratio of 19.18 and a beta of 2.15.

ProShares Ultra MidCap 400 Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be issued a dividend of $0.1128 per share. This represents a $0.45 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, March 25th.

Institutional Trading of ProShares Ultra MidCap 400

Several hedge funds have recently modified their holdings of MVV. Integrated Advisors Network LLC bought a new position in shares of ProShares Ultra MidCap 400 during the 3rd quarter valued at approximately $542,000. Traynor Capital Management Inc. bought a new stake in ProShares Ultra MidCap 400 in the third quarter worth $208,000. Osaic Holdings Inc. bought a new stake in ProShares Ultra MidCap 400 in the second quarter worth $195,000. Tucker Asset Management LLC purchased a new stake in ProShares Ultra MidCap 400 during the fourth quarter valued at $37,000. Finally, Farther Finance Advisors LLC purchased a new stake in ProShares Ultra MidCap 400 during the fourth quarter valued at $27,000.

ProShares Ultra MidCap 400 Company Profile

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.