Short Interest in ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) Decreases By 47.1%

ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 7,352 shares, a drop of 47.1% from the February 26th total of 13,896 shares. Based on an average daily volume of 28,886 shares, the days-to-cover ratio is presently 0.3 days. Currently, 3.7% of the shares of the company are sold short.

ProShares UltraPro Short MidCap 400 Stock Performance

SMDD opened at $11.56 on Friday. ProShares UltraPro Short MidCap 400 has a 1 year low of $9.37 and a 1 year high of $32.00. The stock’s 50 day simple moving average is $10.57 and its 200-day simple moving average is $12.02.

ProShares UltraPro Short MidCap 400 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Trading of ProShares UltraPro Short MidCap 400

An institutional investor recently bought a new position in ProShares UltraPro Short MidCap 400 stock. Jane Street Group LLC purchased a new position in ProShares UltraPro Short MidCap 400 (NYSEARCA:SMDD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 SEC filing.

ProShares UltraPro Short MidCap 400 Company Profile

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.