ProShares UltraShort Health Care (NYSEARCA:RXD – Get Free Report) was the target of a large increase in short interest in the month of 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. Based on an average trading volume of 13,746 shares, the short-interest ratio is presently 0.2 days. Currently, 1.3% of the company’s shares are short sold.
Institutional Trading of ProShares UltraShort Health Care
An institutional investor recently bought a new stake in ProShares UltraShort Health Care stock. IMC Chicago LLC purchased a new stake in shares of ProShares UltraShort Health Care (NYSEARCA:RXD – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 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 SEC.
ProShares UltraShort Health Care Trading Down 2.2%
Shares of RXD stock traded down $0.34 on Monday, hitting $15.31. 1,082 shares of the stock traded hands, compared to its average volume of 7,645. The firm’s 50-day moving average price is $15.51 and its two-hundred day moving average price is $18.06. ProShares UltraShort Health Care has a twelve month low of $13.78 and a twelve month high of $24.43.
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.
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