ProShares UltraShort Health Care (NYSEARCA:RXD) Short Interest Update

ProShares UltraShort Health Care (NYSEARCA:RXD) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 3,577 shares, a decline of 96.7% from the April 30th total of 107,766 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 9,957 shares, the days-to-cover ratio is currently 0.4 days.

ProShares UltraShort Health Care Price Performance

Shares of NYSEARCA RXD remained flat at $9.88 during mid-day trading on Wednesday. 2,244 shares of the stock were exchanged, compared to its average volume of 15,934. ProShares UltraShort Health Care has a 52-week low of $8.46 and a 52-week high of $13.57. The business has a fifty day moving average of $10.17 and a 200-day moving average of $9.48.

Shares of ProShares UltraShort Health Care are set to reverse split before the market opens on Thursday, May 28th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, May 27th.

Institutional Trading of ProShares UltraShort Health Care

A hedge fund recently bought a new stake in ProShares UltraShort Health Care stock. IMC Chicago LLC purchased a new position in shares of ProShares UltraShort Health Care (NYSEARCA:RXD) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

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.