ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) Sees Significant Drop in Short Interest

ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,764 shares, a decrease of 87.3% from the May 31st total of 13,919 shares. Based on an average daily trading volume, of 36,795 shares, the short-interest ratio is presently 0.0 days. Approximately 1.6% of the shares of the company are sold short.

ProShares UltraShort MidCap 400 Price Performance

Shares of MZZ traded up $0.02 during mid-day trading on Friday, hitting $5.87. 1,326 shares of the company’s stock were exchanged, compared to its average volume of 9,507. ProShares UltraShort MidCap 400 has a fifty-two week low of $5.74 and a fifty-two week high of $9.41. The business’s 50 day moving average is $6.28 and its two-hundred day moving average is $6.95.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares UltraShort MidCap 400 stock. Tower Research Capital LLC TRC grew its stake in ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) by 6.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,882 shares of the company’s stock after purchasing an additional 1,354 shares during the period. Tower Research Capital LLC TRC owned approximately 16.34% of ProShares UltraShort MidCap 400 worth $210,000 at the end of the most recent reporting period.

ProShares UltraShort MidCap 400 Company Profile

ProShares UltraShort MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of 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.