Short Interest in ProShares UltraShort Health Care (NYSEARCA:RXD) Decreases By 87.4%

ProShares UltraShort Health Care (NYSEARCA:RXD) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 709 shares, a decrease of 87.4% from the July 30th total of 5,647 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 5,098 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On ProShares UltraShort Health Care

A hedge fund recently bought a new stake 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 Form 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 as of its most recent filing with the Securities and Exchange Commission.

ProShares UltraShort Health Care Stock Up 1.5%

ProShares UltraShort Health Care stock traded up $0.21 during mid-day trading on Wednesday, reaching $14.12. 2,426 shares of the company were exchanged, compared to its average volume of 7,525. The firm’s 50-day simple moving average is $16.29 and its two-hundred day simple moving average is $18.34. ProShares UltraShort Health Care has a twelve month low of $13.78 and a twelve month high of $24.43.

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.