Short Interest in ProShares UltraShort Health Care (NYSEARCA:RXD) Declines By 52.1%

ProShares UltraShort Health Care (NYSEARCA:RXD) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 1,712 shares, a decline of 52.1% from the May 14th total of 3,577 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 4,343 shares, the days-to-cover ratio is presently 0.4 days.

ProShares UltraShort Health Care Trading Up 0.8%

Shares of RXD stock traded up $0.14 on Friday, hitting $18.49. 860 shares of the stock traded hands, compared to its average volume of 7,359. The firm’s 50-day moving average price is $20.01 and its two-hundred day moving average price is $18.95. ProShares UltraShort Health Care has a twelve month low of $16.92 and a twelve month high of $27.14.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares UltraShort Health Care stock. IMC Chicago LLC purchased a new stake in shares of ProShares UltraShort Health Care (NYSEARCA:RXD) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 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.

About ProShares UltraShort Health Care

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.