ProShares UltraShort Health Care (NYSEARCA:RXD) Short Interest Update

ProShares UltraShort Health Care (NYSEARCA:RXD) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 3,067 shares, a growth of 40.9% from the February 26th total of 2,176 shares. Approximately 2.8% of the company’s shares are short sold. Based on an average daily trading volume, of 24,516 shares, the days-to-cover ratio is presently 0.1 days.

ProShares UltraShort Health Care Trading Up 3.4%

Shares of RXD stock traded up $0.35 on Friday, hitting $10.59. The company had a trading volume of 6,305 shares, compared to its average volume of 12,280. The stock’s 50-day moving average is $9.24 and its two-hundred day moving average is $9.71. ProShares UltraShort Health Care has a twelve month low of $8.46 and a twelve month high of $13.64.

ProShares UltraShort Health Care Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be given a dividend of $0.0206 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, March 25th.

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.