Short Interest in ProShares UltraShort Health Care (NYSEARCA:RXD) Grows By 154.3%

ProShares UltraShort Health Care (NYSEARCA:RXD) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 5,647 shares, an increase of 154.3% from the July 15th total of 2,221 shares. Approximately 2.8% of the company’s shares are sold short. Based on an average trading volume of 11,013 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of 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 ProShares UltraShort Health Care (NYSEARCA:RXD) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 quarter.

ProShares UltraShort Health Care Price Performance

NYSEARCA:RXD opened at $15.10 on Friday. ProShares UltraShort Health Care has a fifty-two week low of $14.98 and a fifty-two week high of $25.54. The company has a 50 day simple moving average of $16.95 and a two-hundred day simple moving average of $18.54.

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.