Short Interest in ProShares UltraShort Health Care (NYSEARCA:RXD) Rises By 155.7%

ProShares UltraShort Health Care (NYSEARCA:RXD) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 4,365 shares, an increase of 155.7% from the June 15th total of 1,707 shares. Based on an average daily volume of 3,042 shares, the short-interest ratio is currently 1.4 days. Approximately 2.3% of the shares of the company are sold short.

Hedge Funds Weigh In On ProShares UltraShort Health Care

An institutional investor recently bought a new position in ProShares UltraShort Health Care stock. IMC Chicago LLC purchased a new stake in shares of ProShares UltraShort Health Care (NYSEARCA:RXD) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,581 shares of the company’s stock, valued at approximately $209,000. IMC Chicago LLC owned 4.29% of ProShares UltraShort Health Care as of its most recent filing with the Securities & Exchange Commission.

ProShares UltraShort Health Care Stock Performance

Shares of NYSEARCA:RXD opened at $16.52 on Tuesday. The business has a fifty day moving average price of $18.83 and a two-hundred day moving average price of $18.82. ProShares UltraShort Health Care has a 1 year low of $15.68 and a 1 year high of $26.92.

ProShares UltraShort Health Care Company Profile

ProShares UltraShort Health Care (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Health Care Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.