ProShares Ultra MidCap 400 (NYSEARCA:MVV) Short Interest Up 65.8% in August

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 2,192 shares, a growth of 65.8% from the July 30th total of 1,322 shares. Based on an average daily trading volume, of 5,858 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On ProShares Ultra MidCap 400

A number of hedge funds have recently bought and sold shares of MVV. Citadel Advisors LLC acquired a new position in shares of ProShares Ultra MidCap 400 in the 2nd quarter valued at approximately $1,427,000. Integrated Advisors Network LLC increased its stake in shares of 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 buying an additional 1,297 shares during the last quarter. Osaic Holdings Inc. acquired a new stake in ProShares Ultra MidCap 400 in the second quarter valued at $195,000. Tucker Asset Management LLC bought a new position in ProShares Ultra MidCap 400 during the 4th quarter valued at $37,000. Finally, Farther Finance Advisors LLC acquired a new position in ProShares Ultra MidCap 400 during the 4th quarter worth $27,000.

ProShares Ultra MidCap 400 Price Performance

Shares of ProShares Ultra MidCap 400 stock opened at $84.92 on Wednesday. The business has a 50-day moving average of $89.56 and a 200-day moving average of $83.72. The company has a market capitalization of $148.61 million, a PE ratio of 19.18 and a beta of 2.02. ProShares Ultra MidCap 400 has a 1-year low of $62.12 and a 1-year high of $94.88.

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.