ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) Short Interest Up 174.6% in June

ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 4,298 shares, a growth of 174.6% from the May 31st total of 1,565 shares. Based on an average daily volume of 7,440 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the company’s stock are short sold.

ProShares UltraPro MidCap 400 Stock Performance

NYSEARCA:UMDD opened at $36.35 on Monday. The firm has a market cap of $35.99 million, a price-to-earnings ratio of 13.00 and a beta of 3.05. ProShares UltraPro MidCap 400 has a 52 week low of $21.52 and a 52 week high of $37.56. The firm has a 50-day moving average price of $33.71 and a two-hundred day moving average price of $30.39.

Hedge Funds Weigh In On ProShares UltraPro MidCap 400

A hedge fund recently bought a new position in ProShares UltraPro MidCap 400 stock. Millington Financial Advisors LLC purchased a new stake in shares of ProShares UltraPro MidCap 400 (NYSEARCA:UMDD) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 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 at the end of the most recent quarter.

ProShares UltraPro MidCap 400 Company Profile

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 .