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

ProShares UltraShort Health Care (NYSEARCA:RXD) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 4,365 shares, a growth of 155.7% from the June 15th total of 1,707 shares. Based on an average trading volume of 3,042 shares, the short-interest ratio is presently 1.4 days. Currently, 2.3% of the company’s stock are sold short.

ProShares UltraShort Health Care Stock Down 0.2%

Shares of NYSEARCA RXD opened at $16.52 on Tuesday. ProShares UltraShort Health Care has a fifty-two week low of $15.68 and a fifty-two week high of $26.92. The firm’s 50-day simple moving average is $18.83 and its 200 day simple moving average is $18.82.

Institutional Investors Weigh In On ProShares UltraShort Health Care

A hedge fund recently bought a new position in ProShares UltraShort Health Care stock. IMC Chicago LLC bought a new position in shares of ProShares UltraShort Health Care (NYSEARCA:RXD) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 20,581 shares of the company’s stock, valued at approximately $209,000. IMC Chicago LLC owned approximately 4.29% of ProShares UltraShort Health Care as of its most recent SEC filing.

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.