Short Interest in ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) Rises By 64.0%

ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 5,784 shares, a growth of 64.0% from the May 14th total of 3,527 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average trading volume of 7,037 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of ProShares UltraPro Short MidCap 400

A hedge fund recently bought a new stake in ProShares UltraPro Short MidCap 400 stock. Jane Street Group LLC bought a new position in shares of ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,433 shares of the company’s stock, valued at approximately $193,000. Jane Street Group LLC owned approximately 6.54% of ProShares UltraPro Short MidCap 400 as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares UltraPro Short MidCap 400 Stock Performance

Shares of NYSEARCA:SMDD opened at $7.82 on Tuesday. ProShares UltraPro Short MidCap 400 has a 1-year low of $7.63 and a 1-year high of $17.25. The company has a 50 day moving average price of $9.00 and a 200 day moving average price of $10.41.

About ProShares UltraPro Short MidCap 400

ProShares UltraPro Short MidCap400 ETF is an exchange traded fund, which seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index. The ETF seeks a return of -300% of the return of an index (target) for a single day. The S&P MidCap 400 Index is a 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.