ProShares UltraShort Health Care (NYSEARCA:RXD) Short Interest Up 25.1% in December

ProShares UltraShort Health Care (NYSEARCA:RXD) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 9,205 shares, a growth of 25.1% from the December 15th total of 7,358 shares. Based on an average daily trading volume, of 4,487 shares, the days-to-cover ratio is presently 2.1 days. Currently, 7.7% of the company’s shares are short sold. Currently, 7.7% of the company’s shares are short sold. Based on an average daily trading volume, of 4,487 shares, the days-to-cover ratio is presently 2.1 days.

ProShares UltraShort Health Care Stock Up 1.4%

NYSEARCA:RXD traded up $0.12 during mid-day trading on Friday, hitting $8.98. 591 shares of the company’s stock were exchanged, compared to its average volume of 4,045. ProShares UltraShort Health Care has a fifty-two week low of $8.46 and a fifty-two week high of $13.64. The company has a 50 day simple moving average of $9.15 and a 200-day simple moving average of $10.74.

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.