ProShares UltraShort Health Care (NYSEARCA:RXD) Short Interest Down 74.2% in January

ProShares UltraShort Health Care (NYSEARCA:RXD) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 1,796 shares, a decline of 74.2% from the January 15th total of 6,962 shares. Based on an average daily trading volume, of 7,737 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.6% of the shares of the company are sold short. Approximately 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 7,737 shares, the days-to-cover ratio is presently 0.2 days.

ProShares UltraShort Health Care Trading Down 1.7%

Shares of ProShares UltraShort Health Care stock traded down $0.15 during midday trading on Friday, hitting $8.83. The company had a trading volume of 10,268 shares, compared to its average volume of 6,809. ProShares UltraShort Health Care has a 1-year low of $8.46 and a 1-year high of $13.64. The business’s 50 day simple moving average is $9.02 and its two-hundred day simple moving average is $10.31.

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.