ProShares UltraShort Health Care (NYSEARCA:RXD – Get Free Report) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 709 shares, a drop of 87.4% from the July 30th total of 5,647 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 5,098 shares, the days-to-cover ratio is presently 0.1 days.
ProShares UltraShort Health Care Stock Up 1.5%
Shares of RXD traded up $0.21 during midday trading on Wednesday, reaching $14.12. 2,426 shares of the stock were exchanged, compared to its average volume of 7,525. ProShares UltraShort Health Care has a twelve month low of $13.78 and a twelve month high of $24.43. The business’s 50-day moving average price is $16.29 and its 200 day moving average price is $18.34.
Institutional Investors Weigh In On ProShares UltraShort Health Care
A hedge fund recently bought a new stake in ProShares UltraShort Health Care stock. IMC Chicago LLC acquired a new stake in ProShares UltraShort Health Care (NYSEARCA:RXD – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,581 shares of the company’s stock, valued at approximately $209,000. IMC Chicago LLC owned 4.29% of ProShares UltraShort Health Care as of its most recent filing with the Securities and Exchange Commission (SEC).
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.
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