ProShares UltraShort Health Care (NYSEARCA:RXD) Short Interest Down 49.1% in July

ProShares UltraShort Health Care (NYSEARCA:RXD) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 2,221 shares, a decrease of 49.1% from the June 30th total of 4,365 shares. Based on an average daily trading volume, of 7,689 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.1% of the company’s shares are short sold.

Institutional Trading of ProShares UltraShort Health Care

An institutional investor recently bought a new position in ProShares UltraShort Health Care stock. IMC Chicago LLC acquired a new stake in ProShares UltraShort Health Care (NYSEARCA:RXD) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 SEC filing.

ProShares UltraShort Health Care Stock Up 4.0%

NYSEARCA:RXD traded up $0.61 during mid-day trading on Thursday, hitting $16.05. 23,508 shares of the company’s stock were exchanged, compared to its average volume of 7,208. The company has a 50 day simple moving average of $17.82 and a 200-day simple moving average of $18.70. ProShares UltraShort Health Care has a fifty-two week low of $15.20 and a fifty-two week high of $26.92.

About ProShares UltraShort Health Care

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.