Short Interest in ProShares UltraShort Health Care (NYSEARCA:RXD) Rises By 252.9%

ProShares UltraShort Health Care (NYSEARCA:RXD – Get Free Report) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 2,502 shares, a growth of 252.9% from the August 15th total of 709 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 13,746 shares, the days-to-cover ratio is currently 0.2 days.

ProShares UltraShort Health Care Trading Up 0.3%

ProShares UltraShort Health Care stock traded up $0.05 during mid-day trading on Friday, reaching $15.65. The stock had a trading volume of 1,861 shares, compared to its average volume of 7,683. ProShares UltraShort Health Care has a fifty-two week low of $13.78 and a fifty-two week high of $24.43. The stock’s 50-day simple moving average is $15.51 and its 200-day simple moving average is $18.06.

Institutional Trading of ProShares UltraShort Health Care

A hedge fund recently bought a new stake in ProShares UltraShort Health Care stock. IMC Chicago LLC acquired a new position in shares of ProShares UltraShort Health Care (NYSEARCA:RXD – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,581 shares of the company’s stock, valued at approximately $209,000. IMC Chicago LLC owned about 4.29% of ProShares UltraShort Health Care at the end of the most recent quarter.

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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