ProShares UltraShort Health Care (NYSEARCA:RXD – Get Free Report) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,712 shares, a drop of 52.1% from the May 14th total of 3,577 shares. Based on an average daily volume of 4,343 shares, the short-interest ratio is presently 0.4 days. Currently, 0.7% of the shares of the company are sold short.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in ProShares UltraShort Health Care stock. IMC Chicago LLC acquired a new stake in ProShares UltraShort Health Care (NYSEARCA:RXD – Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 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 quarter.
ProShares UltraShort Health Care Trading Up 1.0%
Shares of RXD stock traded up $0.19 during trading hours on Monday, hitting $18.68. 157 shares of the company were exchanged, compared to its average volume of 7,295. The firm has a fifty day simple moving average of $19.98 and a 200 day simple moving average of $18.96. ProShares UltraShort Health Care has a 52-week low of $16.92 and a 52-week high of $27.14.
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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