Short Interest in ProShares Ultra MidCap 400 (NYSEARCA:MVV) Drops By 66.3%

ProShares Ultra MidCap 400 (NYSEARCA:MVV) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 505 shares, a drop of 66.3% from the April 30th total of 1,498 shares. Based on an average trading volume of 13,712 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

ProShares Ultra MidCap 400 Stock Up 0.3%

MVV traded up $0.25 during trading hours on Friday, hitting $86.37. The stock had a trading volume of 2,264 shares, compared to its average volume of 16,396. ProShares Ultra MidCap 400 has a 1 year low of $58.15 and a 1 year high of $88.00. The company’s fifty day simple moving average is $79.55 and its 200 day simple moving average is $76.01. The stock has a market cap of $162.38 million, a PE ratio of 19.18 and a beta of 2.04.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC bought a new stake in ProShares Ultra MidCap 400 in the fourth quarter worth $27,000. Tucker Asset Management LLC bought a new stake in ProShares Ultra MidCap 400 in the fourth quarter worth $37,000. Integrated Advisors Network LLC boosted its holdings in ProShares Ultra MidCap 400 by 16.5% in the fourth quarter. Integrated Advisors Network LLC now owns 9,146 shares of the company’s stock worth $637,000 after acquiring an additional 1,297 shares in the last quarter. Traynor Capital Management Inc. bought a new stake in ProShares Ultra MidCap 400 in the third quarter worth $208,000. Finally, Osaic Holdings Inc. bought a new stake in ProShares Ultra MidCap 400 in the second quarter worth $195,000.

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.