ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) Short Interest Update

ProShares UltraPro MidCap 400 (NYSEARCA:UMDDGet Free Report) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 12,050 shares, a drop of 22.1% from the February 26th total of 15,459 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 17,676 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On ProShares UltraPro MidCap 400

A hedge fund recently bought a new stake in ProShares UltraPro MidCap 400 stock. Millington Financial Advisors LLC acquired a new position in shares of ProShares UltraPro MidCap 400 (NYSEARCA:UMDDFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,182 shares of the company’s stock, valued at approximately $209,000. Millington Financial Advisors LLC owned about 0.76% of ProShares UltraPro MidCap 400 as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares UltraPro MidCap 400 Trading Down 5.1%

UMDD stock opened at $24.71 on Friday. The stock has a market cap of $26.69 million, a P/E ratio of 13.00 and a beta of 3.25. The stock’s fifty day simple moving average is $29.35 and its two-hundred day simple moving average is $27.04. ProShares UltraPro MidCap 400 has a 1-year low of $12.81 and a 1-year high of $33.12.

ProShares UltraPro MidCap 400 Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be paid a dividend of $0.0398 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, March 25th.

ProShares UltraPro MidCap 400 Company Profile

(Get Free Report)

ProShares UltraPro MidCap400 (the Fund), seeks daily investment results, which correspond to triple (300%) the daily performance of the S&P MidCap 400 Index (the Index). The Index is used measure of mid-size company United States stock market performance. Companies are selected for inclusion in the Index by Standard & Poor’s based on adequate liquidity, appropriate market capitalization, financial viability and public float. The investment adviser of the Fund is ProShare Advisors LLC .

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