ProShares UltraShort Health Care (NYSEARCA:RXD – Get Free Report) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,221 shares, a decline of 49.1% from the June 30th total of 4,365 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily volume of 7,689 shares, the short-interest ratio is currently 0.3 days.
ProShares UltraShort Health Care Stock Performance
NYSEARCA:RXD traded up $0.15 during trading hours on Wednesday, hitting $15.44. The company’s stock had a trading volume of 14,577 shares, compared to its average volume of 7,094. ProShares UltraShort Health Care has a 52-week low of $15.20 and a 52-week high of $26.92. The stock has a fifty day moving average of $17.92 and a 200-day moving average of $18.71.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in ProShares UltraShort Health Care stock. IMC Chicago LLC bought a new position in shares of ProShares UltraShort Health Care (NYSEARCA:RXD – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 as of its most recent SEC filing.
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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