ProShares Short MidCap 400 (NYSEARCA:MYY) Short Interest Up 70.8% in July

ProShares Short MidCap 400 (NYSEARCA:MYY) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 5,199 shares, a growth of 70.8% from the June 30th total of 3,044 shares. Based on an average daily trading volume, of 4,373 shares, the short-interest ratio is presently 1.2 days. Approximately 2.7% of the shares of the stock are sold short.

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 purchased a new stake in ProShares Short MidCap 400 (NYSEARCA:MYY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,700 shares of the company’s stock, valued at approximately $257,000. IHT Wealth Management LLC owned approximately 5.07% of ProShares Short MidCap 400 as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares Short MidCap 400 Price Performance

Shares of MYY stock opened at $15.36 on Friday. The stock has a 50-day simple moving average of $15.36 and a 200 day simple moving average of $16.09. ProShares Short MidCap 400 has a fifty-two week low of $14.93 and a fifty-two week 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.