Short Interest in ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) Rises By 147.2%

ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 3,562 shares, an increase of 147.2% from the June 30th total of 1,441 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 6,390 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in ProShares UltraShort MidCap 400 stock. Tower Research Capital LLC TRC grew its stake in shares of ProShares UltraShort MidCap 400 (NYSEARCA:MZZ) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,882 shares of the company’s stock after buying an additional 1,354 shares during the period. Tower Research Capital LLC TRC owned 16.34% of ProShares UltraShort MidCap 400 worth $210,000 at the end of the most recent reporting period.

ProShares UltraShort MidCap 400 Trading Down 0.5%

NYSEARCA:MZZ opened at $5.95 on Tuesday. ProShares UltraShort MidCap 400 has a 52-week low of $5.74 and a 52-week high of $9.41. The business’s fifty day moving average is $6.06 and its 200 day moving average is $6.67.

ProShares UltraShort MidCap 400 Company Profile

ProShares UltraShort MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of 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.