Short Interest in ProShares UltraShort Health Care (NYSEARCA:RXD) Increases By 25.1%

ProShares UltraShort Health Care (NYSEARCA:RXD) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 9,205 shares, an increase of 25.1% from the December 15th total of 7,358 shares. Currently, 7.7% of the shares of the stock are sold short. Based on an average daily volume of 4,487 shares, the short-interest ratio is presently 2.1 days. Based on an average daily volume of 4,487 shares, the short-interest ratio is presently 2.1 days. Currently, 7.7% of the shares of the stock are sold short.

ProShares UltraShort Health Care Stock Performance

Shares of NYSEARCA RXD traded up $0.12 during midday trading on Friday, reaching $8.98. 591 shares of the company were exchanged, compared to its average volume of 4,045. The stock’s 50-day moving average price is $9.15 and its 200-day moving average price is $10.74. ProShares UltraShort Health Care has a one year low of $8.46 and a one year high of $13.64.

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.