Shares of ProShares Ultra MidCap400 (NYSEARCA:MVV) saw unusually-high trading volume on Monday . Approximately 701,191 shares changed hands during mid-day trading, an increase of 227% from the previous session’s volume of 214,710 shares.The stock last traded at $37.90 and had previously closed at $37.44.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC lifted its stake in ProShares Ultra MidCap400 by 44.8% during the third quarter. Virtu Financial LLC now owns 22,872 shares of the company’s stock worth $1,041,000 after purchasing an additional 7,073 shares during the last quarter. Cedar Capital LLC acquired a new position in shares of ProShares Ultra MidCap400 during the third quarter worth $3,630,000. FormulaFolio Investments LLC increased its holdings in shares of ProShares Ultra MidCap400 by 0.8% during the third quarter. FormulaFolio Investments LLC now owns 534,660 shares of the company’s stock worth $24,348,000 after buying an additional 4,108 shares in the last quarter. Raymond James & Associates increased its holdings in shares of ProShares Ultra MidCap400 by 200.0% during the second quarter. Raymond James & Associates now owns 5,781 shares of the company’s stock worth $247,000 after buying an additional 3,854 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of ProShares Ultra MidCap400 by 199.9% during the second quarter. Bank of New York Mellon Corp now owns 5,101 shares of the company’s stock worth $218,000 after buying an additional 3,400 shares in the last quarter.
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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).
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