ProShares UltraShort Health Care (NYSEARCA:RXD) Sees Significant Increase in Short Interest

ProShares UltraShort Health Care (NYSEARCA:RXD) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 6,034 shares, a growth of 96.7% from the March 15th total of 3,067 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 16,807 shares, the short-interest ratio is presently 0.4 days.

ProShares UltraShort Health Care Stock Down 0.8%

ProShares UltraShort Health Care stock traded down $0.08 during trading hours on Tuesday, hitting $9.84. The stock had a trading volume of 14,562 shares, compared to its average volume of 12,799. ProShares UltraShort Health Care has a 1-year low of $8.46 and a 1-year high of $13.64. The stock’s fifty day moving average is $9.49 and its two-hundred day moving average is $9.56.

ProShares UltraShort Health Care Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a $0.0206 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.08 annualized dividend and a yield of 0.8%.

About ProShares UltraShort Health Care

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.