ProShares UltraShort Health Care (NYSEARCA:RXD) Short Interest Down 52.1% in May

ProShares UltraShort Health Care (NYSEARCA:RXD) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 1,712 shares, a decrease of 52.1% from the May 14th total of 3,577 shares. Based on an average daily trading volume, of 4,343 shares, the short-interest ratio is currently 0.4 days. Approximately 0.7% of the company’s shares are sold short.

Institutional Trading of ProShares UltraShort Health Care

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

Shares of RXD traded up $0.14 during trading hours on Friday, reaching $18.49. The stock had a trading volume of 860 shares, compared to its average volume of 7,359. ProShares UltraShort Health Care has a 52 week low of $16.92 and a 52 week high of $27.14. The firm has a 50-day moving average of $20.01 and a 200 day moving average of $18.95.

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.