Short Interest in ProShares UltraShort Health Care (NYSEARCA:RXD) Increases By 252.9%

ProShares UltraShort Health Care (NYSEARCA:RXD) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 2,502 shares, an increase of 252.9% from the August 15th total of 709 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average trading volume of 13,746 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares UltraShort Health Care stock. IMC Chicago LLC bought a new stake in shares of ProShares UltraShort Health Care (NYSEARCA:RXD) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 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.

ProShares UltraShort Health Care Trading Up 0.3%

Shares of RXD traded up $0.05 on Friday, reaching $15.65. The company’s stock had a trading volume of 1,861 shares, compared to its average volume of 7,683. ProShares UltraShort Health Care has a twelve month low of $13.78 and a twelve month high of $24.43. The firm has a fifty day moving average of $15.51 and a 200-day moving average of $18.06.

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.