Short Interest in ProShares UltraShort Health Care (NYSEARCA:RXD) Drops By 24.4%

ProShares UltraShort Health Care (NYSEARCA:RXD) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 6,962 shares, a decrease of 24.4% from the December 31st total of 9,205 shares. Currently, 7.0% of the shares of the stock are short sold. Based on an average trading volume of 4,441 shares, the days-to-cover ratio is presently 1.6 days. Based on an average trading volume of 4,441 shares, the days-to-cover ratio is presently 1.6 days. Currently, 7.0% of the shares of the stock are short sold.

ProShares UltraShort Health Care Price Performance

Shares of NYSEARCA RXD traded down $0.12 during trading on Monday, hitting $9.01. 3,047 shares of the company were exchanged, compared to its average volume of 5,897. ProShares UltraShort Health Care has a 1 year low of $8.46 and a 1 year high of $13.64. The firm’s fifty day moving average price is $9.03 and its 200 day moving average price is $10.49.

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.