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 in 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 short sold. Based on an average daily trading volume, of 4,343 shares, the short-interest ratio is currently 0.4 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 stake in ProShares UltraShort Health Care (NYSEARCA:RXD) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,581 shares of the company’s stock, valued at approximately $209,000. IMC Chicago LLC owned 4.29% of ProShares UltraShort Health Care at the end of the most recent quarter.

ProShares UltraShort Health Care Stock Up 0.8%

RXD traded up $0.14 on Friday, hitting $18.49. The company had a trading volume of 860 shares, compared to its average volume of 7,359. ProShares UltraShort Health Care has a 1 year low of $16.92 and a 1 year high of $27.14. The company’s fifty day moving average price is $20.01 and its 200 day moving average price is $18.95.

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.