ProShares UltraShort Health Care (NYSEARCA:RXD – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 725 shares, a drop of 66.8% from the September 30th total of 2,182 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 10,154 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On ProShares UltraShort Health Care
An institutional investor recently bought a new position in ProShares UltraShort Health Care stock. IMC Chicago LLC purchased a new stake in shares of ProShares UltraShort Health Care (NYSEARCA:RXD – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.
ProShares UltraShort Health Care Stock Performance
Shares of RXD stock traded down $0.15 during mid-day trading on Friday, reaching $12.35. 13,032 shares of the stock traded hands, compared to its average volume of 7,973. The stock’s fifty day simple moving average is $14.37 and its two-hundred day simple moving average is $17.37. ProShares UltraShort Health Care has a 1-year low of $11.99 and a 1-year high of $22.22.
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.
See Also
- Five stocks we like better than ProShares UltraShort Health Care
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Receive News & Ratings for ProShares UltraShort Health Care Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort Health Care and related companies with MarketBeat.com's FREE daily email newsletter.
