ProShares UltraShort Health Care (NYSEARCA:RXD – Get Free Report) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 5,647 shares, a growth of 154.3% from the July 15th total of 2,221 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average daily trading volume, of 11,013 shares, the short-interest ratio is presently 0.5 days.
ProShares UltraShort Health Care Stock Down 0.1%
Shares of RXD stock opened at $15.10 on Friday. ProShares UltraShort Health Care has a 52 week low of $14.98 and a 52 week high of $25.54. The firm has a 50 day moving average of $16.95 and a 200-day moving average of $18.54.
Hedge Funds Weigh In On ProShares UltraShort Health Care
An institutional investor recently bought a new position 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 first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 reporting period.
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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