ProShares UltraShort Health Care (NYSEARCA:RXD – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 709 shares, a decline of 87.4% from the July 30th total of 5,647 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 5,098 shares, the days-to-cover ratio is presently 0.1 days.
ProShares UltraShort Health Care Price Performance
Shares of NYSEARCA RXD traded up $0.11 during mid-day trading on Friday, hitting $14.62. The stock had a trading volume of 7,789 shares, compared to its average volume of 7,549. The company has a 50 day moving average of $16.09 and a two-hundred day moving average of $18.29. ProShares UltraShort Health Care has a twelve month low of $13.78 and a twelve month high of $24.43.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in ProShares UltraShort Health Care stock. IMC Chicago LLC acquired a new position in ProShares UltraShort Health Care (NYSEARCA:RXD – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,581 shares of the company’s stock, valued at approximately $209,000. IMC Chicago LLC owned about 4.29% of ProShares UltraShort Health Care as of its most recent SEC filing.
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.
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