ProShares UltraShort Health Care (NYSEARCA:RXD) Shares Shorted: Short Interest Up 441.4% in October

ProShares UltraShort Health Care (NYSEARCA:RXD) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 3,925 shares, a growth of 441.4% from the October 15th total of 725 shares. Based on an average daily volume of 11,796 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.7% of the shares of the company 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 bought a new position in shares of ProShares UltraShort Health Care (NYSEARCA:RXD) in the first quarter, according to the company in its most recent disclosure with the Securities & 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 as of its most recent SEC filing.

ProShares UltraShort Health Care Trading Down 0.6%

Shares of ProShares UltraShort Health Care stock traded down $0.07 on Friday, hitting $11.89. The company had a trading volume of 4,280 shares, compared to its average volume of 9,058. The business has a 50-day simple moving average of $13.97 and a 200-day simple moving average of $17.12. ProShares UltraShort Health Care has a 52 week low of $11.42 and a 52 week high of $22.22.

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.