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

by · The Cerbat Gem

ProShares UltraShort Health Care (NYSEARCA:RXD – Get Free Report) saw a significant growth in short interest in 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 daily volume of 3,042 shares, the days-to-cover ratio is currently 1.4 days. Approximately 2.3% of the company’s stock are short sold.

ProShares UltraShort Health Care Stock Down 4.8%

Shares of NYSEARCA:RXD traded down $0.82 during mid-day trading on Thursday, hitting $16.29. 8,943 shares of the company traded hands, compared to its average volume of 6,997. ProShares UltraShort Health Care has a 12-month low of $15.68 and a 12-month high of $26.92. The stock has a 50-day moving average price of $18.69 and a two-hundred day moving average price of $18.81.

Hedge Funds 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 ProShares UltraShort Health Care (NYSEARCA:RXD – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

ProShares UltraShort Health Care Company Profile

(Get Free Report)

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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