ProShares Ultra MidCap 400 (NYSEARCA:MVV) Short Interest Up 149.7% in July

ProShares Ultra MidCap 400 (NYSEARCA:MVV) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,948 shares, an increase of 149.7% from the June 30th total of 780 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 8,788 shares, the short-interest ratio is presently 0.2 days.

ProShares Ultra MidCap 400 Trading Up 0.7%

NYSEARCA MVV opened at $88.88 on Tuesday. The stock’s 50 day moving average is $87.60 and its two-hundred day moving average is $81.41. The company has a market capitalization of $155.54 million, a price-to-earnings ratio of 19.18 and a beta of 2.01. ProShares Ultra MidCap 400 has a 1-year low of $61.64 and a 1-year high of $92.24.

Institutional Trading of ProShares Ultra MidCap 400

A number of large investors have recently bought and sold shares of MVV. Farther Finance Advisors LLC acquired a new position in ProShares Ultra MidCap 400 during the fourth quarter worth $27,000. Tucker Asset Management LLC acquired a new stake in shares of ProShares Ultra MidCap 400 in the 4th quarter valued at $37,000. Integrated Advisors Network LLC boosted its stake in shares of ProShares Ultra MidCap 400 by 16.5% in the 4th quarter. Integrated Advisors Network LLC now owns 9,146 shares of the company’s stock valued at $637,000 after purchasing an additional 1,297 shares in the last quarter. Finally, Osaic Holdings Inc. bought a new stake in shares of ProShares Ultra MidCap 400 in the 2nd quarter worth about $195,000.

ProShares Ultra MidCap 400 Company Profile

ProShares Ultra MidCap400 (the Fund) seeks daily investment results that correspond to twice (200%) 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.